Why is Bharat Wire falling/rising?

As of 25-Aug, Bharat Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs 181.80, which reflects a decrease of Rs 4.1 or 2.21%. The stock has underperformed its sector by 3.32% today and has been on a consecutive downward trend for the last two days, with a total decline of 4.52% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Bharat Wire has generated a return of -30.87%, significantly underperforming the market, which saw a decline of only -2.11%. The company's high debt levels, with a debt-to-equity ratio of 2.39, and a return on equity of just 7.65% indicate weak long-term fundamental strength, contributing to the stock's negative performance.
In the broader market context, while the Sensex has shown a slight increase of 0.45% over the past week, Bharat Wire's stock has declined by 0.98% in the same timeframe. This stark contrast highlights the stock's struggles relative to the benchmark. The company's recent financial results have also been disappointing, with a significant drop in profits and operating metrics, further exacerbated by the fact that 51% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Overall, these factors collectively contribute to the stock's current downward trajectory.