Why is B.L.Kashyap falling/rising?

As of 23-Jul, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at Rs 70.49, which reflects a decrease of -1.22 or -1.7%. The stock has underperformed its sector by -0.38% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of -2.3%. Despite trading above its moving averages, the stock has seen a significant fall in profits over the past year, with a return of -28.82% compared to the benchmark's positive return of +2.86%. The company's weak long-term fundamentals, including a high Debt to EBITDA ratio and a substantial drop in net sales and profits, contribute to the negative sentiment surrounding the stock.
In the broader market context, while the stock has shown a positive return of +9.61% over the past month, it has significantly lagged behind the benchmark's +1.01% return during the same period. The stock's poor performance over the last year, coupled with 99.43% of promoter shares being pledged, adds to the downward pressure on its price. Although there has been a notable increase in investor participation, the overall negative financial indicators and the company's inability to service its debt effectively suggest a challenging environment for B.L.Kashyap, leading to its current price decline.