Why is Kirl. Electric falling/rising?

As of 18-Sep, Kirloskar Electric Company Ltd is experiencing a decline in its stock price, currently at Rs 120.85, which reflects a decrease of Rs 2.15 or 1.75%. The stock has underperformed its sector by 1.56% today and has been on a downward trend for the last two days, accumulating a total loss of 1.83%. Over the past week, the stock has dropped by 2.30%, while its performance over the last month shows a modest gain of 3.25%. However, the year-to-date return is significantly negative at -30.96%, and the stock has underperformed the market over the past year with a return of -37.98%. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 7.71% and a high Debt to EBITDA ratio of 3.75 times, contribute to its declining stock price. Additionally, the fact that 75.55% of promoter shares are pledged adds further downward pressure in a falling market.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.80% over the past week and 2.14% over the last month. While the overall market has shown resilience, Kirloskar Electric's significant underperformance, particularly its steep decline over the past year, highlights investor concerns regarding its growth prospects and financial health. The stock's liquidity remains adequate for trading, but the falling investor participation, indicated by a 7.21% drop in delivery volume, suggests waning interest among investors, further exacerbating its price decline.