Why is Hind.Construct. falling/rising?

As of 09-Sep, Hindustan Construction Company Ltd's stock price is currently at 27.96, reflecting a decline of 0.69, or 2.41%. The stock has underperformed its sector today by 2.44% and has experienced a consecutive fall over the last two days, resulting in a total decrease of 2.68%. Although the stock has shown positive returns over the past week and month, with increases of 4.13% and 3.21% respectively, it has significantly underperformed on a year-to-date basis with a decline of 26.13%. The company has reported strong growth in profit before tax and profit after tax in its latest quarterly results, but it also faces challenges such as a high Debt to EBITDA ratio of 4.18 times and a negative return on equity, which contribute to concerns about its ability to service debt. Additionally, a substantial 78.89% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the BSE500 index, which reported a negative return of 2.87% over the past year, while Hindustan Construction Company Ltd's stock has fallen by 38.52%. This significant disparity highlights the stock's struggles relative to the market. Furthermore, the company's declining sales growth rate of -10.82% over the last five years raises concerns about its long-term viability, despite its attractive valuation metrics compared to peers. Overall, the combination of high debt levels, poor long-term growth prospects, and recent negative price movements contribute to the stock's current downward trajectory.