Why is Him Teknoforg. falling/rising?

As of 16-Sep, Him Teknoforge Ltd is currently priced at 199.05, reflecting a slight increase of 0.15 or 0.08%. The stock has underperformed its sector by 0.89% today, despite showing higher performance compared to its 5-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.43%, but it has seen a decline of 1.87% over the past month and a significant drop of 23.24% over the past year. While the company has a very attractive valuation with a return on capital employed (ROCE) of 7.2 and profits rising by 33.1%, the stock's performance is hindered by a high debt-to-EBITDA ratio of 4.10 times and a concerning increase in pledged promoter shares, which now stand at 52.8%.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.58% over the past week and 2.21% over the past month. The stock's year-to-date return of -11.92% is significantly worse than the benchmark's gain of 5.43%, indicating a persistent underperformance. This trend is compounded by the overall negative sentiment in the market, as the stock has not only lagged behind the BSE500's decline of -2.93% over the past year but has also faced additional pressure due to the high proportion of pledged shares, which can exacerbate price declines in a falling market.