Why is Centrum Capital falling/rising?

As of 12-Sep, Centrum Capital Ltd is experiencing a decline in its stock price, currently at 36.35, with a change of -0.11, representing a decrease of 0.3%. The stock has underperformed its sector by 1.5% today and has seen a trend reversal after two consecutive days of gains. Although the stock is trading above its 100-day and 200-day moving averages, it remains below its 5-day, 20-day, and 50-day moving averages. Over the past week, Centrum Capital has decreased by 0.60%, while its year-to-date return stands at a positive 9.95%. However, the company faces significant challenges, including a weak long-term fundamental strength indicated by an average return on equity (ROE) of 0% and a high debt-equity ratio of 58.09 times, which contributes to its expensive valuation compared to peers.
In the broader market context, the Sensex has increased by 1.48% over the past week, contrasting with Centrum Capital's decline. This underperformance is compounded by the fact that 45.24% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Despite a modest return of 2.34% over the past year, the company's profits have risen by 21.8%, suggesting that while there is some growth, the overall financial health remains concerning. The combination of weak fundamentals, high debt, and pledged shares creates a challenging environment for the stock, contributing to its recent price decline.