Why is OK Play India falling/rising?

As of 30-Jun, OK Play India Ltd's stock price is currently at 11.40, reflecting a decrease of 0.18, or 1.55%. The stock has underperformed its sector today by 2.22% and has experienced a consecutive decline over the last two days, totaling a drop of 4.04%. Despite a positive performance over the past week and month, with returns of 2.98% and 20.76% respectively, the stock has faced significant challenges, including a year-to-date decline of 33.53% and a one-year drop of 11.97%. The company's weak fundamentals are highlighted by a low Return on Capital Employed (ROCE) of 4.6 and a high Debt to EBITDA ratio of 4.19, which raises concerns about its ability to service debt. Additionally, the increase in pledged promoter shares adds downward pressure on the stock.
In the broader market context, while the Sensex has shown a positive return of 2.09% over the past week and 2.65% over the past month, OK Play India has lagged behind significantly, particularly with a year-to-date performance that is markedly worse than the benchmark's 7.00% gain. The stock's liquidity remains adequate for trading, but the falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of confidence among investors. Overall, the combination of weak financial performance, high debt levels, and underperformance relative to the market contributes to the stock's current downward trajectory.