Why is Kundan Edifice falling/rising?

As of 05-Sep, Kundan Edifice Ltd's stock price is currently at 96.00, reflecting a decrease of 2.5, or 2.54%. The stock has underperformed significantly, with a 1-week return of -2.14%, a 1-month return of -14.67%, and a year-to-date decline of -36.04%. The stock is trading below all its moving averages, indicating a bearish trend. While there has been a rise in investor participation, as evidenced by a 25% increase in delivery volume, the company faces challenges due to high debt levels, with a debt-to-equity ratio of 1.73 times and a significant portion of promoter shares (65.05%) being pledged. This situation adds downward pressure on the stock, especially in a declining market.
In the broader market context, Kundan Edifice's performance contrasts sharply with the Sensex, which has gained 1.29% over the past week. The stock's long-term performance has also been poor, generating -46.98% returns over the last year, while the benchmark has only declined by 1.61%. This underperformance is compounded by the company's high debt and the increasing proportion of pledged shares, which are likely contributing to investor concerns and the stock's recent decline. Overall, the combination of negative financial metrics and poor market sentiment is driving the stock lower.