Why is Bharat Wire falling/rising?

As of 25-Jul, Bharat Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs 189.70, which reflects a decrease of Rs 10.3 or 5.15%. The stock has underperformed its sector by 2.92% today and has been on a downward trend for the last four days, accumulating a total loss of 11.11% during this period. Additionally, the stock has shown significant negative returns over various time frames, including a 26.40% drop over the past year and a 13.67% decline over the past month. The company has high debt levels, with a Debt to Equity ratio that raises concerns about its long-term fundamental strength, and 50.87% of promoter shares are pledged, which can exert further downward pressure on the stock price in a falling market.
In the broader market context, Bharat Wire's recent performance contrasts sharply with the benchmark, as it has fallen by 10.18% over the past week while the Sensex has only decreased by 0.36%. Despite a year-to-date decline of 10.60%, the broader market has seen a positive return of 4.25%. The company's weak profitability, indicated by a Return on Equity of 7.65% and a significant drop in profits over the past year, further exacerbates its underperformance. The overall sentiment in the engineering sector, which has also declined by 2.21%, adds to the challenges faced by Bharat Wire, highlighting a difficult environment for the stock.