Why is Indian Hume Pipe falling/rising?

As of 29-Aug, Indian Hume Pipe Company Ltd's stock is currently priced at Rs 359.00, reflecting a decline of Rs 8.0 or 2.18%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total return of -4.56% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has underperformed its sector by 2.22% today. Over the past year, the stock has generated a return of -31.65%, significantly worse than the broader market's decline of -2.83%. The company's weak financial fundamentals, including a low Return on Equity (ROE) of 6% and a high Debt to EBITDA ratio of 2.83, further contribute to the negative sentiment surrounding the stock.
In the broader market context, the Indian Hume Pipe Company Ltd has shown a stark contrast to the benchmark, with a one-week return of -5.06% compared to the Sensex's -1.84%. This underperformance highlights the stock's struggles relative to the market, particularly in light of its recent negative earnings results, which saw a substantial decline in profits. The high percentage of pledged promoter shares, at 30.69%, adds to the downward pressure on the stock, especially in a falling market. Overall, the combination of weak operational performance, declining investor participation, and unfavorable market conditions has led to the stock's current downward trajectory.