Why is KPI Green Energy falling/rising?

As of 11-Jul, KPI Green Energy Ltd's stock price is currently at Rs 521.00, reflecting a decrease of Rs 12.95 or 2.43%. The stock has underperformed its sector by 1.32% today and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 518.7, indicating a decline of 2.86%. Despite trading above its moving averages, the stock has shown negative returns over the past month and year, with a decline of 1.61% and 15.11%, respectively. While the company has reported strong long-term growth in net sales and operating profit, it also faces risks such as high debt levels and a significant portion of promoter shares being pledged, which may contribute to the stock's recent downward movement.
In the broader market context, KPI Green Energy's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.12% over the past week. However, the stock's year-to-date performance shows a decline of 3.23%, contrasting with the Sensex's gain of 5.58%. This underperformance in the last year, coupled with the overall market's slight positive return, highlights the challenges KPI Green Energy faces in gaining investor confidence, particularly given its high debt and the pledged shares of promoters, which can exert additional downward pressure on the stock price.