Why is Patel Engineerin falling/rising?

As of 31-Jul, Patel Engineering Ltd's stock price is currently at 37.35, reflecting a decrease of 0.8, or 2.1%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.67% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has decreased by 13.29% compared to the 5-day average, indicating falling investor participation. Despite the company showing healthy long-term growth with a 39.68% annual increase in operating profit and positive results over the last five quarters, the stock has underperformed significantly, with a year-to-date decline of 27.97% and a one-year drop of 37.38%, while profits have risen by 64.1%.
In the broader market context, Patel Engineering's performance has been notably worse than the benchmark, as the Sensex has only declined by 1.22% over the past week and 3.00% over the past month. The stock's substantial underperformance is compounded by the fact that 88.67% of promoter shares are pledged, which tends to exert additional downward pressure in falling markets. This situation is further exacerbated by the company's negative return over the past year compared to the broader market's decline, highlighting a significant divergence in performance that may deter potential investors.