Why is CL Educate falling/rising?

As of 30-Sep, CL Educate Ltd is experiencing a slight decline in its stock price, currently at 91.90, reflecting a change of -0.1 or -0.11%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of -7.82% during this period. Additionally, the stock has shown significant underperformance over the past month and year, with returns of -17.66% and -19.73%, respectively, compared to the Sensex, which has seen a slight increase of 0.57% over the same month. The company's low Return on Equity (ROE) of 3.73% and negative results in the last three quarters have contributed to a lack of investor confidence, further exacerbated by a high percentage of pledged promoter shares, which adds downward pressure on the stock price.
In the broader market context, CL Educate's recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the past year, with a return of -19.73% compared to the BSE500's decline of -6.58%. This stark difference highlights the challenges the company faces, including poor management efficiency and low long-term growth rates. The stock's liquidity appears adequate for trading, but the falling investor participation, indicated by a 56.32% drop in delivery volume, suggests a waning interest among investors. Overall, the combination of weak financial performance, negative market sentiment, and underwhelming returns relative to the benchmark are contributing to the stock's decline.