Why is Kundan Edifice falling/rising?

As of 09-Sep, Kundan Edifice Ltd is experiencing a decline in its stock price, currently at Rs 94.20, which represents a decrease of Rs 3.15 or 3.24%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, only 3.4% away from Rs 91. Over the past week, Kundan Edifice has underperformed the sector by 3.14%, and its returns have been significantly negative, with a 1-month decline of 14.17% and a year-to-date drop of 37.24%. While there are positive factors such as high management efficiency and strong growth in net sales and operating profit, the company also faces challenges, including a high debt-to-equity ratio of 1.73 times and a significant proportion of pledged promoter shares, which has increased to 65.05% over the last quarter.
In the broader market context, Kundan Edifice's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.18% over the past week and 2.07% over the past month. This underperformance is compounded by the company's overall negative returns, which have been -46.91% over the last year, while the Sensex has remained relatively flat at -0.27% during the same period. The high level of pledged shares and the company's debt situation are likely contributing to investor concerns, further pressuring the stock price downward in a market that is otherwise showing some resilience.