Why is CL Educate falling/rising?

As of 26-Sep, CL Educate Ltd's stock is currently priced at Rs 93.60, reflecting a decline of Rs 4.9 or 4.97%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.12% during this period. Additionally, the stock has experienced significant declines over the past week and month, with returns of -9.39% and -19.28%, respectively. The company has also reported negative results for the last three consecutive quarters, with a substantial decrease in both profit before tax and profit after tax. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend, and has seen a drastic reduction in investor participation, with delivery volume plummeting by 71.67% compared to the five-day average.
In the broader market context, CL Educate's performance has significantly lagged behind the benchmark, with a one-year return of -21.65% compared to the BSE500's decline of only -7.63%. This underperformance is compounded by the company's low return on equity of 3.73%, indicating poor management efficiency and profitability. The stock's valuation is considered expensive relative to its peers, and the high percentage of pledged promoter shares adds further downward pressure in a declining market. Overall, these factors contribute to a negative sentiment surrounding the stock, leading to its current price decline.