Why is India Power Corp falling/rising?

As of 17-Oct, India Power Corporation Ltd's stock price is currently at 11.56, reflecting a decrease of 0.13, or 1.11%. The stock has underperformed significantly, with a performance today that is 1.09% lower than its sector. It is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 45.24% compared to the 5-day average. Over the past year, the stock has generated a return of -37.72%, indicating a long-term decline, while the company's fundamentals are weak, highlighted by a -224.39% CAGR growth in operating profits over the last five years and a negative EBIT to interest ratio of -0.95. Furthermore, 67.26% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the stock's short-term performance has been poor compared to the benchmark, as it has declined by 2.86% over the past week while the Sensex has increased by 1.68%. This underperformance is consistent with the stock's negative trajectory over the last month and year, where it has also lagged behind the benchmark indices. The company's weak profitability, as evidenced by a low return on equity of 1.36% and a significant reliance on non-operating income, further exacerbates its challenges. Overall, the combination of weak financial fundamentals, declining investor interest, and high promoter share pledges contributes to the stock's downward movement.