Why is Kirl. Electric falling/rising?

As of 24-Sep, Kirloskar Electric Company Ltd is experiencing a decline in its stock price, currently at Rs 119.85, which reflects a decrease of Rs 2.2 or 1.8%. Today's performance indicates that the stock has underperformed its sector by 1.5%, and it has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 117.95, marking a drop of 3.36%. Over the past week, the stock has decreased by 2.56%, and its year-to-date performance shows a significant decline of 31.53%. The company's weak long-term fundamentals, highlighted 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 negative outlook. Additionally, the fact that 75.55% of promoter shares are pledged adds downward pressure on the stock price, particularly in a falling market.
Broader Market Context: In comparison to the benchmark, the stock has underperformed significantly over the past year, with a return of -40.67% against the market's decline of only -3.77%. This stark contrast indicates that while the broader market has faced challenges, Kirloskar Electric's performance has been considerably worse. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume suggests a decrease in investor participation, further exacerbating its price decline. Overall, the combination of poor financial metrics, high promoter pledges, and underperformance relative to the market are key factors driving the stock's current downward trajectory.