Why is Kundan Edifice falling/rising?

As of 12-Sep, Kundan Edifice Ltd is currently priced at 96.30, reflecting a slight increase of 0.3, or 0.31%. The stock's performance today is in line with its sector, and it is trading higher than its 5-day moving averages, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.31%, but it has experienced a significant decline of 9.96% over the past month and a staggering 46.17% drop over the last year. Positive factors include high management efficiency with a return on capital employed (ROCE) of 22.81% and robust long-term growth in net sales and operating profit. However, the company also faces challenges, including a high debt-to-equity ratio of 1.73 times and a concerning 65.05% of promoter shares being pledged, which can exert downward pressure on the stock price, particularly in a falling market.
In the broader market context, Kundan Edifice's recent performance has been underwhelming compared to the benchmark, with the Sensex rising by 1.51% over the past week while Kundan Edifice only managed a slight gain. The stock's year-to-date performance shows a decline of 35.84%, contrasting sharply with the Sensex's increase of 6.21% during the same period. This underperformance highlights the challenges the company faces, particularly in terms of its high debt and the increasing proportion of pledged shares, which may deter investor confidence and contribute to its overall negative trajectory in the market.