Why is Hind.Construct. falling/rising?

As of 10-Sep, Hindustan Construction Company Ltd is experiencing a decline in its stock price, currently at 27.83, reflecting a decrease of 0.13 or 0.46%. The stock has underperformed its sector by 1.3% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.13% during this period. Over the past week, the stock has fallen by 0.71%, while it has shown a modest increase of 2.73% over the past month. Despite positive financial results reported on June 25, including significant growth in profit before tax and profit after tax, the stock's long-term performance remains concerning, with a year-to-date decline of 26.47% and a staggering 39.54% drop over the past year. The company also faces challenges such as a high Debt to EBITDA ratio of 4.18 times and a negative return on equity, which contribute to its poor market perception.
In the broader market context, the Sensex has increased by 1.06% over the past week and 1.96% over the past month, indicating that Hindustan Construction's recent performance is not aligned with the overall market trend. The stock's significant underperformance relative to the benchmark, particularly with a one-year return of -39.54% compared to the Sensex's slight decline of -0.61%, highlights the challenges the company faces in a falling market, especially given that 78.89% of promoter shares are pledged, which adds downward pressure on the stock price. The liquidity of the stock remains adequate, with a notable increase in delivery volume, but the overall negative sentiment surrounding the company's ability to service debt and generate sustainable growth continues to weigh heavily on its stock performance.