Why is Gayatri Projects falling/rising?

As of 11-Aug, Gayatri Projects Ltd is experiencing a decline in its stock price, currently at 8.20, reflecting a decrease of 0.21 or 2.5%. The stock has underperformed its sector by 3.75% today and has been on a consecutive downward trend for the last two days, with a total drop of 3.87% in this period. Over the past week, the stock has seen a significant decline of 7.87%, while it has shown a modest increase of 6.08% over the past month. However, the company's long-term fundamentals are weak, as it has not declared results in the last six months, has a high Debt to EBITDA ratio of 5.57 times, and has reported negative results for six consecutive quarters, contributing to a lack of investor confidence and further driving the stock down.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a consistent underperformance against the BSE500 over the last three years. While the Sensex has only declined by 0.51% in the last week, Gayatri Projects has faced a much steeper drop, indicating that investor sentiment is particularly negative towards this stock. The significant pledge of 72.4% of promoter shares adds additional pressure, especially in a falling market, which further exacerbates the stock's decline. Overall, the combination of weak financial performance, high debt levels, and negative market sentiment has led to the current downward movement in Gayatri Projects' stock price.