Why is B.L.Kashyap falling/rising?

As of 15-Sep, B.L.Kashyap & Sons Ltd is currently priced at 68.50, reflecting an increase of 0.62 or 0.91%. The stock has shown a trend reversal by gaining after two consecutive days of decline, although it underperformed its sector by 1.24%. In terms of returns, the stock has experienced a decline of 35.32% over the past year, while it has gained 1.48% in the last month. Despite its current price increase, the company has faced significant challenges, including a substantial drop in profits by 89% over the past year and a high Debt to EBITDA ratio of 3.90 times, indicating low ability to service debt. Additionally, 99.39% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with the Sensex gaining 1.24% over the past week while B.L.Kashyap has declined by 2.24%. The construction and real estate sector, in which the company operates, has gained by 2.28%, suggesting that the broader sector is performing well. However, B.L.Kashyap's long-term fundamentals remain weak, with an average Return on Capital Employed (ROCE) of 9.84% and negative results reported for the last three consecutive quarters. This combination of underperformance relative to the market and sector, along with internal financial struggles, contributes to the stock's recent price movements.