Why is Gayatri Projects falling/rising?

As of 17-Jul, Gayatri Projects Ltd is currently priced at 8.25, showing no change (0.00%). The stock's performance today is in line with the sector, and it is trading higher than its 5-day, 50-day, 100-day, and 200-day moving averages, although it is lower than its 20-day moving average. Despite a positive return of 11.94% over the past year, the company has faced significant challenges, including a high Debt to EBITDA ratio of 5.57 times and a low Return on Equity of 4.12%. The company has not declared results in the last six months and has reported negative results for the past six consecutive quarters, which raises concerns about its long-term fundamental strength. Additionally, 72.4% of promoter shares are pledged, which could exert downward pressure on the stock price in a declining market.
In the broader market context, the stock has outperformed the benchmark, with a 1-week return of +2.74% compared to the Sensex's -1.12%. However, over the longer term, the stock has underperformed, with a 3-year return of -43.88% against the Sensex's +53.01%. The falling investor participation, indicated by a 13.41% drop in delivery volume, further suggests a lack of confidence among investors. While the stock's recent performance has been relatively strong compared to the market, the underlying financial issues and lack of recent results present significant risks that could impact future price movements.