Why is Indo Tech.Trans. falling/rising?

As of 24-Sep, Indo Tech Transformers Ltd is experiencing a decline in its stock price, currently at 1,758.50, which reflects a decrease of 21.3 or 1.2%. The stock has underperformed its sector today by 0.9% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.64%, and it has shown a significant year-to-date decline of 39.41%, despite reporting positive financial results over the last four consecutive quarters, including a 40.94% growth in profit after tax. However, the high percentage of pledged promoter shares at 77.79% may be contributing to downward pressure on the stock price, particularly in a falling market.
In the broader market context, Indo Tech Transformers Ltd's recent performance contrasts with the Sensex, which has seen a slight decline of 1.18% over the past week. While the stock's long-term growth indicators, such as a 30.79% annual growth rate in net sales and a healthy return on equity of 27.5%, suggest potential for recovery, the significant year-to-date drop indicates ongoing challenges. The company's liquidity remains adequate for trading, but the overall negative sentiment surrounding high pledged shares and the stock's underperformance relative to the benchmark may be influencing investor confidence and contributing to its current price decline.