Why is MT Educare falling/rising?

As of 01-Jul, MT Educare Ltd's stock price is currently at 2.06, reflecting a decline of 0.09 or 4.19%. The stock has been underperforming significantly, with a consecutive fall over the last three days resulting in an overall drop of 8.04%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has shown a negative return of 9.25% over the past week and a staggering 75.15% decline over the last three years. The company's financial health is concerning, with a negative book value, a weak ability to service its debt, and a low return on equity of 0.83%. Furthermore, 50.74% of promoter shares are pledged, which adds downward pressure on the stock price in a falling market.
In the broader market context, while the Sensex has gained 2.00% over the past week, MT Educare's performance has been notably poor, highlighting its consistent underperformance against the benchmark. The stock's year-to-date return is down 16.26%, contrasting sharply with the Sensex's gain of 7.11%. This underperformance is compounded by a negative EBITDA and a significant drop in investor participation, with delivery volumes falling by 67.71% compared to the 5-day average. Overall, the combination of weak fundamentals, high promoter share pledges, and a lack of investor confidence has contributed to the stock's recent decline.