Why is Indo Tech.Trans. falling/rising?

As of 14-Jul, Indo Tech Transformers Ltd is experiencing a decline in its stock price, currently at Rs 1,870.00, which reflects a decrease of Rs 10.0 or 0.53%. The stock has been losing value for the last three days, with a total drop of 2.5% during this period. Although it reached an intraday high of Rs 1,935.65, it is trading below all key moving averages, indicating a bearish trend. The stock has shown a negative performance over the past week and month, with returns of -1.58% and -7.92%, respectively. Despite positive financial results in recent quarters and a healthy long-term growth rate in operating profit, the high percentage of pledged promoter shares (77.79%) and the expensive valuation compared to peers are contributing to the downward pressure on the stock.
In the broader market context, Indo Tech's short-term performance has lagged behind the benchmark Sensex, which has seen a decline of only 1.42% over the same week. The stock's year-to-date performance is particularly concerning, with a significant drop of 35.57% compared to the Sensex's gain of 5.27%. While the company has demonstrated consistent returns over the past three years and positive growth in net sales and profit after tax, the high price-to-book ratio and increased pledged shares are creating a challenging environment for the stock, leading to investor caution amid falling market conditions.