Why is B.L.Kashyap falling/rising?

As of 25-Aug, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at 72.02, which reflects a decrease of 0.37 or 0.51%. The stock has underperformed its sector by 1.29% today and has been on a downward trend for the last two days, accumulating a total loss of 0.98% during this period. Despite trading above its moving averages over various time frames, the stock's performance has been disappointing over the past year, with a significant drop of 37.13%. The company's recent financial results have shown a concerning trend, with profits falling by 89% over the past year, and it has declared negative results for the last three consecutive quarters, contributing to a weak long-term outlook.
In the broader market context, B.L.Kashyap's short-term return of 5.09% over the past week contrasts sharply with the Sensex, which has only increased by 0.45%. However, the stock's long-term performance remains troubling, as it has underperformed the market significantly, with a year-to-date return of -6.99% compared to the Sensex's gain of 4.48%. The high percentage of pledged promoter shares (99.39%) adds to the downward pressure in a falling market, indicating a lack of confidence among investors. Overall, the combination of weak financial performance, declining investor participation, and high debt levels suggests that the stock's recent decline is influenced by both company-specific challenges and broader market dynamics.