Why is Gokaldas Exports falling/rising?

As of 11-Aug, Gokaldas Exports Ltd is experiencing a decline in its stock price, currently at Rs 695.00, reflecting a decrease of Rs 10.0 or 1.42%. The stock has hit a new 52-week low of Rs 680 today and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total drop of 4.01%. Over the past week, the stock has underperformed significantly, with a return of -15.41% compared to the Sensex's -0.51%. Despite a healthy long-term growth trajectory, with net sales growing at an annual rate of 25.01% and operating profit at 60.83%, the stock's valuation appears expensive, reflected in its high Price to Book Value of 2.6. Additionally, a concerning factor is that 96.28% of promoter shares are pledged, which can exert further downward pressure on the stock price in a falling market.
In the broader market context, Gokaldas Exports has underperformed relative to the benchmark over the past year, with a return of -24.58% compared to the BSE500's -1.85%. This significant disparity indicates that while the overall market has experienced negative returns, Gokaldas Exports has faced a much steeper decline. The stock's performance over the last month has also been poor, with a decline of 24.04%, further highlighting its struggles in the current market environment. The rising investor participation, indicated by an increase in delivery volume, may suggest some interest, but it has not been sufficient to counteract the negative sentiment surrounding the stock.