Why is Him Teknoforg. falling/rising?

As of 28-Aug, Him Teknoforge Ltd is experiencing a decline in its stock price, currently at Rs 197.00, which reflects a decrease of Rs 2.9 or 1.45%. The stock has underperformed its sector by 1.32% today, touching an intraday low of Rs 194.6. Over the past week, the stock has decreased by 1.60%, and its year-to-date performance shows a significant drop of 12.83%. Despite a rise in profits by 33.1% over the past year, the stock has generated a negative return of 13.22%, indicating a disconnect between profitability and stock performance. The company's Return on Capital Employed (ROCE) stands at 7.2, which, while attractive in valuation terms, is overshadowed by a high Debt to EBITDA ratio of 4.10, indicating weak long-term fundamental strength. Additionally, 52.8% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, the Sensex has decreased by 2.34% over the past week, suggesting that the stock's decline is somewhat aligned with market trends, although it has outperformed the benchmark in this timeframe. The stock's liquidity appears adequate, but a significant drop in delivery volume by 69.59% against the 5-day average indicates a lack of investor interest. Furthermore, the stock is trading at a discount compared to its peers' average historical valuations, which could attract value investors; however, the increasing proportion of pledged shares raises concerns about the company's stability. Overall, the combination of weak investor participation, high debt levels, and pledged shares contributes to the downward pressure on Him Teknoforge Ltd's stock price.