Why is B.L.Kashyap falling/rising?

As of 10-Nov, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at 56.54, reflecting a decrease of 0.81 or 1.41%. The stock has underperformed its sector by 1.36% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.67% over that period. Additionally, the stock is trading below its moving averages across various time frames, indicating weak performance. Over the past year, the stock has generated a return of -26.81%, significantly underperforming the market, which has seen a return of 3.81%. The company's recent financial results have been disappointing, with profits falling by 89% over the past year and a return on capital employed (ROCE) of only 6.6%, which suggests weak long-term fundamental strength.
In the broader market context, B.L.Kashyap's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.67% compared to the Sensex's decline of only 0.53%. This stark contrast highlights the stock's struggles in a generally stable market environment. The high percentage of pledged promoter shares (99.37%) adds to the downward pressure, particularly in a falling market, further exacerbating investor concerns. Overall, the combination of poor financial performance, weak growth prospects, and high debt levels contributes to the stock's negative trajectory.