Why is Indo Tech.Trans. falling/rising?

As of 08-Sep, Indo Tech Transformers Ltd is experiencing a decline in its stock price, currently at Rs 1,825.00, which reflects a decrease of Rs 8.9 or 0.49%. Today's price summary indicates that the stock opened with a gain of 2.51% and reached an intraday high of Rs 1,879.95. However, it ultimately underperformed its sector by 0.51%, with trading volume showing a decrease in delivery volume by 6.88% compared to the five-day average. Over the past week, the stock has gained 0.29%, but it has significantly underperformed the benchmark Sensex, which rose by 0.53%. The stock has also faced challenges, as it has fallen 14.28% over the past year, despite the company showing strong financial performance with a 40.94% growth in PAT and a healthy annual growth rate in net sales.
In the broader market context, while the Sensex has shown a modest gain of 3.39% year-to-date, Indo Tech Transformers Ltd has seen a substantial decline of 37.12% in the same period. The company's high percentage of pledged promoter shares (77.79%) adds pressure on the stock, particularly in a falling market, which may contribute to investor hesitation. Despite the company's positive financial indicators, including a low debt-to-equity ratio and consistent profit growth, the stock's recent performance has been overshadowed by its underperformance relative to the market and the broader economic conditions.