Why is Indo Tech.Trans. falling/rising?

As of 04-Nov, Indo Tech Transformers Ltd is experiencing a decline in its stock price, currently at Rs 1,669.50, which represents a decrease of Rs 36.1 or 2.12%. The stock has underperformed its sector by 1.35% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 1,668 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 0.93%, and in the last month, it has dropped by 7.55%, while its year-to-date performance shows a significant decline of 42.48%. Despite positive growth in net sales and operating profit, the stock's performance has been hindered by a high percentage of pledged promoter shares, which adds downward pressure in a falling market.
Broader market context indicates that while Indo Tech Transformers Ltd has underperformed significantly over the past year, with a return of -28.37% compared to the BSE500's positive return of 4.72%, it has shown strong long-term growth with a 665.65% return over three years. The stock's liquidity appears adequate, but the recent trend of increasing pledged shares among promoters raises concerns for investors. The overall market sentiment has been challenging, contributing to the stock's decline, particularly in light of its recent performance relative to the benchmark, which has seen a slight downturn as well.