Why is Kundan Edifice falling/rising?

As of 23-Sep, Kundan Edifice Ltd's stock price is currently at 99.10, showing no change (0.00%). The stock has underperformed in the short term, with a 1-week return of -1.88%, while it has seen a slight increase of 0.87% over the past month. Today's performance indicates that it has outperformed its sector by 0.75%. The stock is trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 57.89% compared to the 5-day average. However, the stock has faced significant challenges, including a year-to-date decline of 33.98% and a 1-year decline of 34.80%. A concerning factor is that 65.05% of promoter shares are pledged, which can exert downward pressure on the stock price, especially in a falling market.
Broader Market Context: In comparison to the benchmark, Kundan Edifice's short-term performance has been weaker, with a 1-week decline of -1.88% against the Sensex's -0.28%. While the stock has shown some resilience in the past month, it remains significantly behind the benchmark's year-to-date performance of +6.45%. The overall market context suggests that while there are positive indicators such as high management efficiency and healthy long-term growth, the high proportion of pledged shares and the stock's substantial declines over the year contribute to a challenging environment for Kundan Edifice Ltd.