Why is CL Educate falling/rising?

As of 28-Aug, CL Educate Ltd is currently priced at 115.65, reflecting a decrease of 0.31, or 0.27%. The stock has underperformed its sector today, with a consecutive decline over the last two days resulting in a total drop of 1.08%. Despite this, the stock has shown strong performance in the longer term, with a 22.23% increase over the past year and an impressive 878.01% rise over the last five years. However, the company faces challenges, including poor management efficiency indicated by a low return on equity of 3.73% and negative results for the last three consecutive quarters, which have contributed to its recent price decline. Additionally, a significant portion of promoter shares (48.91%) are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, CL Educate's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 2.34% over the past week while CL Educate has gained 5.03%. This indicates that the stock has been relatively resilient compared to the overall market. However, the recent drop in investor participation, with delivery volume falling by 73.74% against the five-day average, suggests a lack of confidence among investors. The stock's liquidity remains adequate for trading, but the combination of poor financial performance and high promoter pledging may continue to weigh on its price in the near term.