Why is GPT Infraproject falling/rising?

As of 28-Aug, GPT Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 114.60, which represents a decrease of 3.65 (-3.09%). The stock has underperformed its sector by 2.67% today and opened with a loss of 2.62%. It has touched an intraday low of Rs 114.45 and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 3.94%, and its year-to-date performance shows a significant decline of 19.30%. Despite positive financial results over the last nine quarters, including a 39.8% growth in PAT, the stock's performance has been adversely affected by a high proportion of pledged promoter shares and poor long-term growth prospects, with operating profit growing at an annual rate of only 19.42% over the last five years.
In the broader market context, GPT Infraprojects has underperformed compared to the Sensex, which has declined by only 2.34% over the past week and generated a positive return of 2.48% year-to-date. The stock's significant drop of 38.72% over the past year starkly contrasts with the market's relatively modest decline of 5.01%. The increase in pledged shares among promoters adds to the downward pressure on the stock, particularly in a falling market, which further exacerbates investor concerns. Despite the company's attractive valuation and high dividend yield of 3.5%, these factors have not been sufficient to counteract the negative sentiment surrounding the stock's performance and its long-term growth outlook.