Why is MT Educare falling/rising?

As of 23-Jun, MT Educare Ltd's stock price is currently at 2.18, reflecting a decline of 0.11 or 4.8%. The stock has underperformed its sector today by 4.62% and has been on a downward trend for the last two days, accumulating a total fall of 5.22%. Over the past week, the stock has seen a significant decline of 10.29%, and its year-to-date performance shows a drop of 11.38%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, the company faces challenges such as a negative book value, weak long-term fundamentals, and a poor EBIT to interest ratio of -1.95, which contribute to its recent price decline. The stock's performance has been consistently poor, with a one-year return of -31.66% and a three-year return of -75.56%, further solidifying its status as a strong sell.
In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting sharply with MT Educare's significant decline. This underperformance against the benchmark highlights the stock's struggles, particularly as it has consistently lagged behind the BSE 500 in returns over the last three years. The high percentage of pledged promoter shares, at 50.74%, adds to the stock's risk profile, especially in a falling market, which can exert additional downward pressure on its price. Overall, the combination of poor financial performance, negative investor sentiment, and broader market resilience contributes to the ongoing decline in MT Educare's stock price.