Why is MEP Infrast. falling/rising?

As of 08-Jul, MEP Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at 1.96, which reflects a decrease of 0.03 or 1.51%. The stock has been underperforming significantly, having lost 22.22% over the last 14 consecutive days. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over various periods shows a substantial decline, with a year-to-date drop of 32.41% and an alarming 73.00% decrease over the past year. The company has not declared results in the last six months, and its financial health appears weak, with net sales and operating profit showing drastic negative growth rates. Furthermore, 82.7% of promoter shares are pledged, which adds to the downward pressure on the stock price.
In the broader market context, MEP Infrastructure's short-term performance is notably worse than the benchmark, as it has underperformed the Sensex, which has shown a slight increase of 0.02% over the past week. The stock's consistent underperformance against the benchmark over the last three years highlights its riskiness, especially given the negative results reported for the last eight consecutive quarters. This combination of weak fundamentals, high debt levels, and declining investor participation contributes to the stock's ongoing decline, making it a risky investment in the current market environment.