Why is KPI Green Energy falling/rising?

As of 29-Sep, KPI Green Energy Ltd is experiencing a decline in its stock price, currently at 442.00, which reflects a decrease of 5.55 or 1.24%. The stock has been underperforming recently, having fallen for the last two consecutive days and showing a total return of -6.08% during this period. It is trading below all its moving averages, indicating a bearish trend. Despite a healthy long-term growth rate in net sales and operating profit, the company faces challenges due to its high debt-to-equity ratio of 1.63, which raises concerns about its financial stability. Additionally, 45.49% of promoter shares are pledged, contributing to downward pressure on the stock price in a falling market.
In the broader market context, KPI Green Energy has significantly underperformed compared to the benchmark, with a one-year return of -23.01% against the Sensex's -6.08%. Over the past week, the stock has declined by 7.90%, while the benchmark has only fallen by 2.18%. This stark contrast highlights the stock's struggles relative to the market. Although there has been a rise in investor participation, as evidenced by a 54.13% increase in delivery volume, the overall sentiment remains negative due to the company's high debt levels and recent performance trends.