Why is MT Educare falling/rising?

As of 22-Aug, MT Educare Ltd is experiencing a decline in its stock price, currently at 2.15, which reflects a decrease of 0.02 or 0.92%. The stock has underperformed its sector by 1.36% today, and it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 4.44%, and its year-to-date performance shows a significant decline of 12.60%. The company reported a negative net profit of INR -187.99 million, with a staggering increase in raw material costs by 841.01% year-over-year. Additionally, the stock's weak long-term fundamentals, highlighted by a negative book value and a poor EBIT to interest ratio of -1.95, contribute to its downward pressure.
In the broader market context, while the Sensex has shown a slight increase of 0.88% over the past week, MT Educare's performance has been consistently negative, with a 39.44% decline over the past year compared to the benchmark's modest gain of 0.31%. The stock's liquidity remains low, with a significant drop in delivery volume by 90.92% against the 5-day average, further indicating reduced investor interest. The high percentage of pledged promoter shares, at 50.74%, adds to the risk, especially in a falling market, which can exacerbate the stock's decline. Overall, the combination of poor financial performance, weak investor participation, and unfavorable market conditions has led to the stock's continued underperformance.