Why is Khaitan (India) falling/rising?

As of 11-Nov, Khaitan (India) Ltd is experiencing a decline in its stock price, currently at 113.20, reflecting a decrease of 7.2 points or 5.98%. The stock has underperformed its sector significantly, with a performance today that is down by 98.88%. Additionally, the stock has not traded on two days out of the last twenty, indicating erratic trading patterns. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite positive results over the last six consecutive quarters, including a 59.39% growth in PAT and higher net sales, the company's weak long-term fundamental strength, characterized by a low Return on Capital Employed (ROCE) of 5.58% and a high Debt to EBITDA ratio of 4.72 times, raises concerns among investors.
In the broader market context, Khaitan (India) has underperformed compared to the benchmark, with a 1-week return of -4.87% against a positive return of +0.49% for the Sensex. While the stock has shown a strong year-to-date performance of +30.93% and a 16.89% return over the past year, these figures are overshadowed by its recent struggles and the high percentage of pledged promoter shares, which can exert additional downward pressure in a falling market. The combination of declining investor participation, poor liquidity, and the company's expensive valuation relative to its peers contributes to the stock's current downward trajectory.