Why is B.L.Kashyap falling/rising?

As of 18-Jul, B.L.Kashyap & Sons Ltd is currently priced at 68.53, reflecting a slight increase of 0.09 or 0.13%. The stock has shown a positive performance today, outperforming its sector by 0.69%. In terms of recent returns, the stock has gained 1.53% over the past week and 1.86% over the past month, while it has significantly underperformed over the year with a decline of 34.19%. Despite this recent uptick, the company faces challenges, including a high Debt to EBITDA ratio and a substantial drop in profits, which have fallen by 80% over the past year. Additionally, 99.43% of promoter shares are pledged, which can exert downward pressure on the stock in a declining market.
Broader market context indicates that while the stock has performed better than the benchmark Sensex in the short term, which has declined by 0.90% over the past week, it has still underperformed significantly over the last year compared to the broader market, which saw a modest gain of 0.51%. The company's weak long-term fundamentals, including a low average Return on Capital Employed and poor sales growth, contribute to a cautious outlook among investors. Despite attractive valuations compared to peers, the overall sentiment remains tempered due to the company's financial struggles and high levels of pledged shares.