Why is Gokaldas Exports falling/rising?

As of 22-Sep, Gokaldas Exports Ltd is experiencing a decline in its stock price, currently at Rs 799.20, which reflects a decrease of Rs 36.65 or 4.38%. Today's performance indicates that the stock has underperformed its sector by 3.67%, and it has fallen after four consecutive days of gains. The stock touched an intraday low of Rs 795.7, marking a decline of 4.8%. Over the past week, Gokaldas Exports has shown a return of +5.34%, but it has significantly underperformed over the year with a return of -19.97%. Despite positive growth in net sales and operating profit, the stock's high valuation, indicated by a Price to Book Value of 2.8, and the fact that 96.28% of promoter shares are pledged, contribute to downward pressure on its price.
In the broader market context, while the Sensex has shown a modest gain of 0.46% over the past week, Gokaldas Exports' performance has been notably weaker, suggesting a divergence from the overall market trend. The company's ability to service debt is strong, with a low Debt to EBITDA ratio, and it has reported positive results for the last three consecutive quarters. However, the stock's high valuation relative to peers and the significant pledge of promoter shares are likely contributing to investor caution, leading to its recent price decline.