Why is Him Teknoforg. falling/rising?

As of 04-Sep, Him Teknoforge Ltd is currently priced at 197.00, reflecting a decrease of 0.6, or 0.3%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.43%. Over the past month, the stock has decreased by 7.10%, while its year-to-date performance shows a significant drop of 12.83%. Despite this, the stock has a very attractive valuation with a Return on Capital Employed (ROCE) of 7.2 and is trading at a discount compared to its peers. However, the company faces challenges, including a high Debt to EBITDA ratio of 4.10 times and a notable 52.8% of promoter shares being pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, the Sensex has shown a positive return of 0.80% over the past week, contrasting with Him Teknoforge's flat performance during the same period. While the stock has outperformed its sector by 0.46% today, its longer-term returns are concerning, with a 1-year decline of 13.01% compared to the Sensex's drop of only 1.98%. The rising investor participation, indicated by a 54.46% increase in delivery volume, suggests some interest in the stock, but the overall weak long-term fundamentals and increasing pledged shares are likely contributing to the stock's recent downward movement.