Why is B.L.Kashyap falling/rising?

As of 08-Sep, B.L.Kashyap & Sons Ltd's stock price is currently at Rs 70.07, reflecting an increase of Rs 1.26, or 1.83%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 1.43% today. It reached an intraday high of Rs 70.94, which is a 3.1% increase. Despite a year-to-date decline of 9.51% and a significant drop of 33.11% over the past year, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, the company has faced challenges, including a substantial decrease in profits and a high debt-to-EBITDA ratio, which raises concerns about its long-term growth potential. In the broader market context, B.L.Kashyap's short-term performance over the past week shows a slight increase of 0.31%, while the benchmark Sensex has increased by 0.53%. This indicates that while the stock is experiencing a minor recovery, it has underperformed significantly over the longer term compared to the market, with a year-over-year decline of 33.11% against the Sensex's slight drop of 0.49%. The high percentage of pledged promoter shares adds to the stock's vulnerability in a declining market, contributing to the overall negative sentiment surrounding the stock despite its recent uptick.