Why is B.L.Kashyap falling/rising?

As of 25-Sep, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at Rs 60.75, which reflects a decrease of Rs 2.51 or 3.97%. The stock has underperformed its sector by 2.58% today, reaching an intraday low of Rs 60.25. It is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 51.28% compared to the 5-day average. Over the past year, the stock has generated a return of -36.42%, while its profits have plummeted by 89%, contributing to its negative performance.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -8.43% compared to the Sensex's -2.23%. The company has declared negative results for the last three consecutive quarters, with a significant fall in both profit before tax and profit after tax. Furthermore, the high percentage of pledged promoter shares (99.39%) adds downward pressure in a falling market. Overall, the combination of weak long-term fundamentals, poor growth prospects, and negative market sentiment has led to the stock's continued decline.