Why is Gayatri Projects falling/rising?

As of 28-Aug, Gayatri Projects Ltd is experiencing a decline in its stock price, currently at 8.27, which represents a decrease of 0.43 or 4.94%. The stock has underperformed its sector by 4.52% today, and its delivery volume has significantly dropped by 91.12% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 5.81%, while its performance over the last month shows a decline of 4.39%. The company has not declared results in the last six months, and its financial health appears weak, with a high Debt to EBITDA ratio of 5.57 times and a low Return on Equity of 4.12%. Furthermore, the company has reported negative results for the last six consecutive quarters, which has contributed to a significant drop in profitability.
In the broader market context, the Sensex has also seen a decline of 2.34% over the past week, indicating a challenging environment for stocks in general. However, Gayatri Projects' performance is notably worse than the benchmark, reflecting its specific issues. The stock's long-term fundamentals are concerning, particularly with a net profit decline of 109.35% and a substantial increase in raw material costs. Additionally, the fact that 72.4% of promoter shares are pledged adds to the risk, particularly in a falling market, which can exert further downward pressure on the stock price. Overall, the combination of weak financial results, high debt levels, and declining investor interest are key factors contributing to the stock's current downward trajectory.