Why is Kanoria Chem. falling/rising?

As of 18-Sep, Kanoria Chemicals & Industries Ltd is experiencing a slight decline in its stock price, currently at 83.38, with a change of -0.04, representing a decrease of 0.05%. The stock has underperformed significantly over various periods, with a 1-week return of -1.92% and a year-to-date decline of -26.34%. Today's performance indicates that it has outperformed its sector by 0.45%, but it is trading below all its moving averages, suggesting a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 20.58% compared to the 5-day average. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 1.14% and a high Debt to EBITDA ratio of 9.38 times, further contribute to its negative outlook. Moreover, 29.57% of promoter shares are pledged, which can exert additional downward pressure on the stock in a declining market.
In the broader market context, the Sensex has shown a positive return of +1.80% over the past week, contrasting sharply with Kanoria Chemicals' negative performance. This consistent underperformance against the benchmark, particularly with a staggering -48.08% return over the last year, highlights the stock's struggles relative to the overall market. The company's flat results and negative operating profits, coupled with a high debt burden, indicate significant risks that investors are wary of, further exacerbating the stock's decline. Overall, the combination of weak fundamentals, poor market sentiment, and high promoter pledges are key factors driving the stock's downward movement.