Why is Mac Charles(I) falling/rising?

As of 14-Aug, Mac Charles (India) Ltd is experiencing a decline in its stock price, currently at Rs 691.05, reflecting a decrease of Rs 38.85 or 5.32%. Today's price summary indicates that the stock has underperformed its sector by 4.53% and opened with a loss of 2.04%. It touched an intraday low of Rs 690.2, and there has been a significant drop in delivery volume, falling by 71.73% against the 5-day average. Despite a strong performance over the past year with an 18.13% return, the company faces challenges such as high debt levels, a weak ability to service that debt, and a negative EBITDA, which contribute to its current price movement.
In the broader market context, the stock's performance over the past week shows a decline of 1.56%, while the benchmark Sensex has remained relatively flat with a change of -0.03%. Although Mac Charles has outperformed the market over the past month and year, the recent downturn is exacerbated by the high percentage of pledged promoter shares, which can exert additional downward pressure in a falling market. The combination of weak long-term fundamentals and recent negative financial results has led to increased investor caution, contributing to the stock's current decline.