Why is P B A Infra. falling/rising?

As of 04-Aug, P B A Infrastructure Ltd is experiencing a decline in its stock price, currently at 12.92, which represents a decrease of 0.89 or 6.44%. The stock has underperformed its sector by 6.02% today, and while it is trading higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages. Over the past week, the stock has decreased by 3.80%, contrasting with a slight increase of 0.16% in the Sensex. The company has reported negative results for the last three consecutive quarters, with a significant drop in net sales and a negative EBITDA, indicating weak long-term fundamental strength. Additionally, the high debt levels and a negative book value further contribute to the stock's downward pressure.
In the broader market context, the stock's recent performance reflects a stark contrast to the benchmark, as it has generated a return of -14.44% year-to-date compared to a 3.69% increase in the Sensex. The presence of pledged promoter shares, which account for 64.49%, adds to the risk, particularly in a falling market, potentially exacerbating the decline in stock prices. Overall, the combination of poor financial performance, high debt, and negative investor sentiment has led to the stock's current downward trajectory.