Why is Maral Overseas falling/rising?

As of 02-Sep, Maral Overseas Ltd is currently priced at Rs 56.49, reflecting an increase of Rs 0.48 or 0.86%. The stock has been gaining for the last two days, with a return of 0.88% during this period. However, it remains close to its 52-week low, just 0.87% away, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown significant underperformance over the past month, with a decline of 22.45%, and a year-to-date drop of 31.92%. Additionally, the company faces challenges such as high debt levels, with a debt-to-equity ratio averaging 2.70 times, and negative operating profits, which have contributed to a poor long-term growth outlook. The recent negative quarterly results, including a substantial drop in profit after tax, further exacerbate concerns about its financial health.
In the broader market context, Maral Overseas has underperformed the benchmark Sensex, which has seen a slight decline of 0.78% over the past week, while the stock itself has dropped by 1.82%. This consistent underperformance against the benchmark over the last three years, coupled with a significant portion of promoter shares being pledged, adds to the stock's volatility and risk perception among investors. The falling investor participation, indicated by a 64.75% decrease in delivery volume, suggests a lack of confidence in the stock, which is compounded by its high debt levels and weak profitability metrics. Overall, while there is a slight uptick in the stock price recently, the underlying financial issues and market sentiment indicate a challenging environment for Maral Overseas Ltd.