Why is Parsvnath Devl. falling/rising?

As of 24-Jul, Parsvnath Developers Ltd is experiencing a decline in its stock price, currently at 19.94, which reflects a decrease of 0.86 or 4.13%. The stock has underperformed its sector by 2.95% today and has been on a downward trend for the last four days, accumulating a total decline of 12.08% during this period. Additionally, the stock is trading below its moving averages across all time frames, indicating a bearish trend. Despite a strong performance over the past year with a return of 70.72%, the company has reported negative results for the last four consecutive quarters, including significant losses and a high Debt to EBITDA ratio, which raises concerns about its long-term viability and ability to service debt.
In the broader market context, the stock's short-term performance over the past week shows a decline of 12.04%, contrasting with the Sensex, which has remained relatively flat with a change of only -0.09%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 81.59% against the five-day average. The high percentage of pledged promoter shares (31.77%) adds further risk, as it can exert additional downward pressure on the stock price in a declining market. Overall, the combination of weak financial fundamentals, negative earnings reports, and declining investor interest contributes to the stock's current downward trajectory.