Why is Centrum Capital falling/rising?

As of 23-Jun, Centrum Capital Ltd's stock price is currently at 30.30, reflecting a decrease of 0.23, or 0.75%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 3.04% during this period. In terms of returns, the stock has shown a negative performance of 4.27% over the past week and 24.40% over the past year, significantly underperforming the benchmark Sensex, which has gained 0.12% and 6.07% respectively. Additionally, the stock's delivery volume has drastically decreased by 92.62% compared to its five-day average, indicating a decline in investor participation. While there were positive results reported in March, including a 64.06% growth in net sales, the company's weak long-term fundamentals, characterized by a return on equity of -67.1% and a high price-to-book value, contribute to a negative outlook.
In the broader market context, Centrum Capital has notably underperformed compared to the Sensex, which has generated positive returns over the last year while Centrum has seen a significant decline. The stock's performance is further pressured by the high percentage of pledged promoter shares, which has increased over the last quarter, adding to the downward pressure in a falling market. Overall, the combination of weak fundamentals, declining investor interest, and poor relative performance against the benchmark suggests that the stock is facing significant challenges, leading to its current downward trend.