Why is KPI Green Energy falling/rising?

As of 23-Jul, KPI Green Energy Ltd is experiencing a decline in its stock price, currently at Rs 532.65, which reflects a decrease of Rs 11.55 or 2.12%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.24% over that period. Today's trading saw the stock hit an intraday low of Rs 527.85, and the volume traded was notably lower than average, indicating falling investor participation. While the company has shown strong long-term growth with significant increases in net sales and operating profit, it also faces challenges such as high debt levels and a substantial percentage of pledged promoter shares, which may be contributing to the recent downward pressure on the stock price.
In the broader market context, KPI Green Energy's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a slight increase of 0.11% over the past week. Over the past year, the stock has generated a negative return of 13.39%, while the broader market has yielded a positive return of 2.86%. This underperformance in comparison to the market, coupled with the company's high debt and pledged shares, suggests that investor sentiment may be cautious, leading to the stock's current decline.