Why is Patel Engineerin falling/rising?

As of 13-Jun, Patel Engineering Ltd's stock price is currently at 42.34, reflecting a decrease of 0.8, or 1.85%. The stock has been underperforming, having fallen for the last two days, resulting in a total decline of 6.24% during this period. In terms of returns, the stock has decreased by 0.87% over the past week and 0.12% over the past month, while it has significantly underperformed the market over the past year with a decline of 35.78%, compared to a 5.61% increase in the Sensex. Despite the company reporting healthy long-term growth, including a 66.30% increase in profit after tax over the last six months, the high percentage of pledged promoter shares (88.67%) and the stock's recent negative performance have contributed to downward pressure on its price.
In the broader market context, while the Sensex has shown a slight decline of 1.30% over the past week, Patel Engineering's performance has been worse, indicating a relative weakness in the stock. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a 6.81% drop in delivery volume, suggests waning interest among investors. Overall, the combination of high promoter share pledges, recent underperformance compared to the market, and declining investor engagement are key factors contributing to the stock's current downward trajectory.