Why is Bharat Wire falling/rising?

As of 01-Sep, Bharat Wire Ropes Ltd is currently priced at 174.95, reflecting an increase of 4.35 or 2.55%. Today's price summary indicates that the stock has outperformed its sector by 1.43% and has experienced a trend reversal, gaining after five consecutive days of decline. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting underlying weakness. Over the past year, the stock has significantly underperformed, with a return of -38.94%, while its profits have decreased by 22.8%. The company also has a high debt-to-equity ratio of 2.39, indicating financial strain, and 51% of promoter shares are pledged, which can exert additional downward pressure in volatile markets.
In the broader market context, Bharat Wire's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex by 1.43% today, despite a 1-week decline of -3.77% compared to the Sensex's -1.56%. However, the stock's year-to-date performance is concerning, with a decline of -17.55% against the Sensex's positive return of 2.85%. This stark contrast highlights the stock's struggle in a generally recovering market, further compounded by its high debt levels and weak long-term fundamentals, which may deter investor confidence and participation.