Why is Indo Tech.Trans. falling/rising?

As of 18-Sep, Indo Tech Transformers Ltd is currently priced at 1,766.00, reflecting a decrease of 21.8 points or 1.22%. The stock has underperformed its sector by 1.03% today and has experienced a trend reversal, falling after two consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 0.53%, and it has seen a significant drop of 39.15% year-to-date, while the Sensex has gained 6.24% during the same period. Despite the company showing healthy long-term growth with a 30.79% annual increase in net sales and a 64.35% rise in operating profit, the stock's performance has been hindered by a high percentage of pledged promoter shares, which can exert downward pressure in a falling market.
In the broader market context, Indo Tech Transformers Ltd's recent performance contrasts sharply with the Sensex, which has risen by 1.80% over the past week and 2.14% over the past month. The stock's year-to-date decline of 39.15% starkly contrasts with the benchmark's positive return, indicating a significant underperformance. While the company has declared positive results for the last four consecutive quarters and maintains a fair valuation compared to its peers, the falling investor participation, evidenced by a 61.2% drop in delivery volume, suggests waning market interest. This combination of factors contributes to the stock's current downward trajectory.