Why is IndiaNivesh falling/rising?

As of 25-Aug, IndiaNivesh Ltd's stock price is currently at 8.11, reflecting a decrease of 0.23, or 2.76%. The stock has recently underperformed its sector by 2.57% and has hit a new 52-week low of Rs. 7.54 today. Over the past week, the stock has declined by 1.70%, and it has experienced a significant drop of 44.07% year-to-date. The company's fundamentals are concerning, with a negative book value and a weak long-term strength, as evidenced by a 388.6% fall in profits over the past year. Additionally, 28.94% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the Sensex has shown a slight increase of 0.45% over the past week, contrasting with IndiaNivesh's decline. The stock has consistently underperformed against the benchmark, with negative returns in each of the last three years. The recent trend reversal, where the stock has fallen after three consecutive days of gains, coupled with a significant drop in investor participation, indicates a lack of confidence among investors. Overall, the combination of poor financial performance, high pledged shares, and consistent underperformance against the benchmark contributes to the stock's downward trajectory.