Why is Khaitan (India) falling/rising?

As of 04-Aug, Khaitan (India) Ltd is experiencing a decline in its stock price, currently at Rs 114.00, which reflects a decrease of Rs 2.9 or 2.48%. The stock has underperformed its sector by 3.86% today and has been on a downward trend for the last five days, accumulating a total decline of 9.52% during this period. It opened with a significant loss of 4.92% and reached an intraday low of Rs 111.15. Although the stock has shown strong performance over the long term, with a 31.85% increase year-to-date and a remarkable 467.16% rise over the past five years, recent trends indicate a weakening investor sentiment, as evidenced by a drastic drop in delivery volume by 83.37% compared to the five-day average. In the broader market context, while the Sensex has shown a slight gain of 0.16% over the past week, Khaitan's stock has notably lagged behind, indicating a divergence from the overall market trend. The company's positive financial results over the last six quarters, including a higher PAT and record net sales, are overshadowed by concerns regarding its long-term fundamental strength, particularly a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio. Additionally, the fact that 32.85% of promoter shares are pledged adds pressure on the stock, especially in a declining market. These factors collectively contribute to the stock's recent downward movement despite its historical performance.