Why is Maral Overseas falling/rising?

As of 24-Sep, Maral Overseas Ltd is currently priced at 47.71, reflecting a decrease of 0.45, or 0.93%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.52% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The company's performance over the past week shows a decline of 4.88%, while its year-to-date performance is significantly worse at -42.50%. The company's financial health is concerning, with high debt levels and weak long-term growth, as evidenced by a debt-to-equity ratio of 4.13 times and a negative profit after tax in the latest quarter.
In the broader market context, Maral Overseas has underperformed the Sensex, which has gained 4.58% year-to-date, while Maral has seen a substantial decline. The stock's recent performance is compounded by a significant drop in investor participation, with delivery volumes falling by 62.48% compared to the five-day average. The high percentage of pledged promoter shares, at 48.03%, adds to the stock's risk, particularly in a declining market, further pressuring the stock price. Overall, the combination of poor financial results, high debt, and negative market sentiment contributes to the stock's downward trajectory.