Why is B.L.Kashyap falling/rising?

As of 05-September, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at 68.81, reflecting a decrease of 0.55 or 0.79%. The stock has been losing value for the last two days, with a total drop of 1.22% during this period. Although the stock is trading above its 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages. The company has shown a significant underperformance over the past year, with a return of -35.78%, while its profits have plummeted by 89%. The high percentage of pledged promoter shares (99.39%) adds to the downward pressure on the stock, especially in a falling market.
In the broader market context, the stock has underperformed compared to the benchmark, with the Sensex showing a positive return of 1.13% over the past week, while B.L.Kashyap's return was -1.19%. This trend continues over the longer term, where the stock has fallen significantly more than the market average. The company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, further contribute to investor concerns. Despite some positive valuation metrics, the overall negative sentiment surrounding the company's financial performance and high promoter share pledges are likely influencing the stock's recent decline.