Why is Indian Acrylics falling/rising?

As of 16-Sep, Indian Acrylics Ltd is experiencing a decline in its stock price, currently at 7.71, which reflects a decrease of 0.11 or 1.41%. The stock has underperformed its sector by 3.5% today and has been on a downward trend for the last three days, accumulating a total decline of 4.73% during this period. Over the past week, the stock has decreased by 1.91%, and it has shown a significant year-to-date decline of 28.61%. The company's financial health is concerning, with a high debt-equity ratio of 17.21 times and negative results reported for the last nine consecutive quarters, leading to weak long-term fundamentals. Furthermore, the stock is trading below all its moving averages, indicating a bearish trend.
In the broader market context, the Sensex has increased by 1.58% over the past week, contrasting sharply with Indian Acrylics' performance. This consistent underperformance against the benchmark, along with a negative EBITDA and a high proportion of pledged promoter shares (26.36%), adds to the downward pressure on the stock price. The company's poor sales growth and inability to service its debt further exacerbate investor concerns, contributing to the stock's decline in a rising market environment.