Why is Gokaldas Exports falling/rising?

As of 05-Sep, Gokaldas Exports Ltd's stock price is currently at Rs 731.10, reflecting a decline of Rs 18.25 or 2.44%. The stock has underperformed its sector by 2% today, hitting an intraday low of Rs 728. The stock's recent performance shows a 1-week increase of 8.58%, but it has decreased by 2.32% over the past month and has a year-to-date decline of 35.39%. Despite the company demonstrating strong financial health with a low Debt to EBITDA ratio and consistent growth in net sales and operating profit, the stock is facing downward pressure due to a high Price to Book Value ratio and a significant percentage of promoter shares being pledged, which raises concerns among investors.
Broader market context indicates that while the stock has shown a positive return over the last three years, it has significantly underperformed the benchmark, with a 1-year return of -22.39% compared to the BSE500's -4.41%. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that the stock is struggling to attract buyers in a challenging market environment. The overall sentiment appears to be cautious, as the stock trades at a premium relative to its peers, contributing to its recent decline.