Why is Maral Overseas falling/rising?

As of 22-Aug, Maral Overseas Ltd is experiencing a decline in its stock price, currently at Rs 57.01, which reflects a decrease of Rs 1.67 or 2.85%. The stock has been underperforming significantly, having fallen by 5.92% over the past week and 22.17% over the past month. It is also trading close to its 52-week low, just 1.77% away from Rs 56. The stock has seen a consecutive fall over the last three days, with a total drop of 5.64% during this period. Additionally, the company has high debt levels, with a debt-to-equity ratio of 2.70, and has reported negative operating profits, which contribute to its weak long-term fundamental strength. The recent financial results indicate a decline in net sales and an increase in raw material costs, further exacerbating investor concerns.
In the broader market context, Maral Overseas is underperforming compared to the benchmark Sensex, which has gained 0.88% over the past week while the stock has declined. The company's performance has been notably poor over the last year, with a return of -27.75%, contrasting sharply with the Sensex's modest gain of 0.31%. The stock's liquidity appears adequate for trading, but falling investor participation, as evidenced by a 15.79% drop in delivery volume, suggests waning interest. The high percentage of pledged promoter shares adds to the downward pressure on the stock price, especially in a declining market. Overall, the combination of weak financial performance, high debt, and negative investor sentiment is driving the stock lower.