Why is MT Educare falling/rising?

As of 30-Jun, MT Educare Ltd's stock price is currently at 2.15, reflecting a decrease of 0.04 or 1.83%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.02%. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 1.38%, while in the last month, it has shown a modest increase of 7.50%. However, its year-to-date performance is concerning, with a decline of 12.60%, and a significant drop of 34.45% over the past year. The company is facing challenges, including a negative book value and a weak ability to service its debt, which contributes to its classification as a strong sell. Additionally, 50.74% of promoter shares are pledged, which may exert further downward pressure on the stock price.
In the broader market context, the Sensex has gained 2.09% over the past week, contrasting with MT Educare's decline, indicating that the stock is not only underperforming its sector but also lagging behind the overall market. The educational institutions sector has seen a positive movement, gaining 2.47%, further highlighting MT Educare's struggles. The stock's performance is particularly concerning given its consistent underperformance against the benchmark over the last three years, which has seen a return of 57.69%. This persistent trend of underperformance, coupled with weak financial fundamentals, suggests that investor sentiment remains negative, contributing to the stock's current downward trajectory.