Why is Bharat Wire falling/rising?

As of 19-Sep, Bharat Wire Ropes Ltd is currently priced at 168.40, reflecting a decline of 0.75, or 0.44%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 1.89% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, down 29.52% from the 5-day average, suggesting reduced investor participation. Over the past year, the stock has generated a return of -35.29%, while its profits have decreased by 22.8%. The company's financials show a concerning trend with a low operating profit to interest ratio and a significant percentage of promoter shares pledged, which adds downward pressure on the stock price.
In the broader market context, Bharat Wire's short-term performance has lagged behind the Sensex, which has increased by 0.88% over the past week, while Bharat Wire has only gained 0.72%. This underperformance is compounded by the stock's negative results reported for June, which have further eroded investor confidence. Despite a healthy long-term growth rate in operating profit and attractive valuations compared to peers, the recent financial struggles and high levels of pledged shares have contributed to a lack of investor interest. Overall, the stock's recent decline can be attributed to both its poor performance metrics and the broader market dynamics that favor more stable investments.