Why is GPT Infraproject falling/rising?

As of 29-Aug, GPT Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 111.85, which reflects a decrease of Rs 2.75 or 2.4%. The stock has underperformed its sector by 3.56% today and has been on a downward trend, falling for the last two days with a total decline of 5.41%. It reached an intraday low of Rs 110.5 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite positive financial results over the last nine quarters, including a 39.8% growth in PAT, the stock has seen a significant decline of 37.57% over the past year, indicating poor long-term growth prospects. Additionally, the high percentage of pledged promoter shares, now at 50.88%, adds downward pressure on the stock.
In the broader market context, GPT Infraprojects has underperformed compared to the benchmark, with a 1-year return of -37.57% against the BSE500's -5.40%. This stark contrast highlights the stock's struggle in a generally declining market. The company's recent performance, including a high dividend yield of 3.6%, does not seem to be enough to counteract the negative sentiment stemming from its long-term growth concerns and the increased proportion of pledged shares. Overall, the combination of these factors contributes to the stock's current downward trajectory.