Why is MEP Infrast. falling/rising?

As of 29-Jul, MEP Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at 1.89, reflecting a decrease of 0.03 or 1.56%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.55% during this period. Additionally, the stock has significantly underperformed against the benchmark, with a 1-week return of -2.07% compared to the Sensex's -1.03%. The company has not declared results in the last six months, and its long-term fundamentals appear weak, with net sales declining at an annual rate of 51.44% and a high debt-to-equity ratio. The stock's performance is further hindered by the fact that 81.76% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, MEP Infrastructure Developers Ltd has consistently underperformed against the benchmark over the last three years, with a staggering 73.23% decline in the past year while the Sensex has remained nearly flat at -0.02%. This stark contrast highlights the stock's ongoing struggles, particularly as it has generated negative returns in each of the last three annual periods. The falling investor participation, evidenced by a 91.27% drop in delivery volume, further indicates a lack of confidence among investors, contributing to the stock's downward trajectory.