Why is MSP Steel & Pow. falling/rising?

As of 11-Aug, MSP Steel & Power Ltd is experiencing a decline in its stock price, currently at 30.94, which reflects a decrease of 0.41 or 1.31%. The stock has underperformed its sector by 1.6% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.46%. Over the past week, the stock has decreased by 6.50%, while its year-to-date performance shows a significant decline of 31.47%. Despite some positive financial results, such as a substantial growth in PAT and a favorable debt-equity ratio, the stock's overall performance has been negatively impacted by a weak long-term fundamental strength, as indicated by a low average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio. Additionally, the fact that 81.33% of promoter shares are pledged adds further pressure on the stock price in a declining market.
In the broader market context, the Sensex has shown a slight decline of 0.51% over the past week and a modest increase of 3.15% year-to-date, indicating that the market is generally stable compared to MSP Steel & Power's significant downturn. The stock's recent performance contrasts sharply with the benchmark, as it has underperformed not only in the short term but also over the past month and year. This disparity highlights the challenges faced by MSP Steel & Power in maintaining investor confidence amidst falling participation and liquidity issues, which are further exacerbated by the company's high levels of pledged shares.