Why is Gautam Gems falling/rising?

As of 22-Sep, Gautam Gems Ltd is currently priced at 4.25, reflecting a decline of 0.13, or 2.97%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7% during this period. It is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -59.10%, while its profits have decreased by 20%. Additionally, the company has a weak long-term fundamental strength, evidenced by a -1.27% CAGR growth in operating profits over the last five years and a low return on equity of 1.99%. The high percentage of pledged promoter shares (57.93%) further exacerbates the downward pressure on the stock price in a falling market.
In the broader market context, Gautam Gems has significantly underperformed against the benchmark, with a 1-week return of -3.63% compared to the Sensex's gain of 0.46%. This consistent underperformance is reflected in its year-to-date return of -20.11% against the Sensex's 5.15% increase. The stock's liquidity appears sufficient for trading, but the overall sentiment remains negative due to the company's weak financial indicators and the high level of pledged shares, which contribute to investor caution.