Why is B.L.Kashyap falling/rising?

As of 14-Nov, B.L.Kashyap & Sons Ltd is experiencing a decline in its stock price, currently at Rs 52.10, reflecting a decrease of Rs 3.85 or 6.88%. The stock has underperformed its sector by 6.97% today, touching an intraday low of Rs 51.15, which is an 8.58% drop. The stock has shown significant volatility with an intraday volatility of 6.02%. Over the past week, it has decreased by 9.15%, and over the last month, it has fallen by 14.77%. The company's financial performance has been weak, with profits plummeting by 89% over the past year, and it has reported negative results for the last three consecutive quarters. Additionally, 99.37% of promoter shares are pledged, which adds downward pressure on the stock price in a declining market.
In the broader market context, while the BSE500 has generated returns of 8.00% over the last year, B.L.Kashyap has significantly underperformed, with a return of -28.78%. This stark contrast highlights the company's struggles compared to the overall market. The stock's long-term fundamentals are weak, evidenced by a low Return on Capital Employed (ROCE) of 6.6% and a high Debt to EBITDA ratio of 3.90 times, indicating a low ability to service debt. The stock is trading at a discount compared to its peers, but the negative financial indicators and high promoter share pledging contribute to a bearish outlook, leading to its current price decline.