Why is B.L.Kashyap falling/rising?

As of 17-Jul, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at Rs 68.44, which reflects a decrease of Rs 1.21 or 1.74%. The stock has underperformed its sector by 2.7% today and has fallen after three consecutive days of gains. It touched an intraday low of Rs 68.12, indicating a downward trend. Over the past week, the stock has shown a slight increase of 0.65%, but it has significantly underperformed over the past year with a return of -36.67%. The company’s financials reveal a troubling picture, with a substantial drop in profits by 80% and a high Debt to EBITDA ratio of 3.90 times, contributing to weak long-term fundamentals. Additionally, 99.43% of promoter shares are pledged, which adds further downward pressure in a declining market.
In the broader market context, while the BSE500 has generated a return of 0.26% over the last year, B.L.Kashyap has significantly lagged behind, highlighting its struggles in comparison to the benchmark. The stock's performance today, combined with a decrease in investor participation and a weighted average price closer to its low, suggests a lack of confidence among investors. Despite its attractive valuation relative to peers, the company's weak sales growth and poor ability to service debt are likely contributing to the stock's negative momentum.