Why is Capacit'e Infra. falling/rising?

As of 12-Sep, Capacite Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 301.10, which reflects a decrease of Rs 7.3 or 2.37%. Today's performance indicates that the stock has underperformed its sector by 2.47%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 299.25, and trading volume was higher near this low price, suggesting selling pressure. Over the past week, the stock has shown a modest increase of 1.52%, but it has significantly underperformed over the year with a return of -24.48%, while profits have risen by 26.1%. The company has a low Debt to EBITDA ratio of 0.70, indicating a strong ability to service debt, and it is trading at a discount compared to its peers. However, the recent flat results and a high proportion of pledged promoter shares, which have increased by 66.43% in the last quarter, are contributing to the downward pressure on the stock.
In the broader market context, the stock's performance over the last year is notably worse than the benchmark, as the BSE500 index has only fallen by -3.45%. While the stock has shown positive returns over shorter periods, such as 6.41% over the last month, its year-to-date performance remains poor at -30.85%. This stark contrast highlights the challenges faced by Capacite Infraprojects Ltd in attracting investor confidence, especially in light of its recent financial results and the increased risk associated with pledged shares. The overall market sentiment appears to be weighing heavily on the stock, contributing to its current decline.