Why is GPT Infraproject falling/rising?

As of 24-Sep, GPT Infraprojects Ltd is experiencing a decline in its stock price, currently at 119.55, which reflects a decrease of 0.5 or 0.42%. The stock has been losing value for the last two days, with a total drop of 2.09% during this period. Despite a positive performance over the past month with a return of 2.66%, the stock has underperformed significantly year-to-date, showing a decline of 15.81%. The company has reported positive results for the last nine consecutive quarters, with net sales growing by 29.33% and profits rising by 41.3%. However, the stock is trading at a discount compared to its peers, and the high percentage of pledged promoter shares (50.88%) adds downward pressure in a falling market.
In the broader market context, the Sensex has shown a slight decline of 1.18% over the past week, while GPT Infraprojects Ltd has fallen by 1.32% in the same timeframe, indicating a marginal underperformance relative to the benchmark. Although the stock has a high dividend yield of 3.3%, the falling investor participation, evidenced by a 28.64% drop in delivery volume, suggests a lack of confidence among investors. The company’s long-term growth prospects appear limited, with operating profit growth at an annual rate of only 19.42% over the last five years, contributing to its underperformance compared to the broader market, which has seen a negative return of 5.32% over the past year.