Why is B.L.Kashyap falling/rising?

As of 04-Aug, B.L.Kashyap & Sons Ltd is currently priced at 75.79, reflecting an increase of 0.7 or 0.93%. The stock has shown a positive performance over the past week with a return of +6.30%, although it has underperformed its sector by -0.54% today. Despite trading above its moving averages for various periods, the stock has experienced a decline in investor participation, with delivery volume falling by -14.85% against the 5-day average. The company has faced significant challenges, including an 80% drop in profits over the past year and a substantial decline in net sales, which fell by -13.78% in the latest quarter. Additionally, 99.39% of promoter shares are pledged, which can exert downward pressure on the stock price in a declining market.
In the broader market context, while the BSE500 index has generated a negative return of -2.34% over the past year, B.L.Kashyap's stock has significantly underperformed with a return of -26.49%. This stark contrast highlights the company's struggles, particularly in terms of weak long-term fundamental strength, as indicated by a low average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio. Although the stock is trading at a discount compared to its peers, the combination of poor financial performance and high promoter share pledging suggests ongoing challenges that may hinder recovery in the near term.