Why is Parsvnath Devl. falling/rising?

As of 26-Sep, Parsvnath Developers Ltd is experiencing a decline in its stock price, currently at 13.24, reflecting a decrease of 0.69 or 4.95%. The stock has underperformed its sector by 3.55% today and has been on a downward trend for the last three days, accumulating a total loss of 12.03%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company has reported negative results for the last four consecutive quarters, with significant declines in net sales and net profit, contributing to a negative book value and a high debt-to-EBITDA ratio of 23.40 times, which suggests a weak long-term fundamental strength.
In the broader market context, Parsvnath Developers Ltd has underperformed the market significantly over the past year, with a return of -25.62% compared to the benchmark's decline of only -6.30%. This stark contrast highlights the stock's struggles relative to the overall market performance. Furthermore, the stock's liquidity is deemed sufficient for trading, but the falling investor participation, evidenced by a 60.6% drop in delivery volume, adds to the negative outlook. The high percentage of pledged promoter shares (31.77%) further exacerbates the situation, as it can lead to additional downward pressure in a declining market.