Why is Patel Engineerin falling/rising?

As of 04-Sep, Patel Engineering Ltd's stock price is currently at 37.78, reflecting a decrease of 0.49 or 1.28%. The stock has underperformed its sector by 0.53% today, with its performance being higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest increase of 0.75%, while its one-month return is more favorable at 3.06%. However, the stock has significantly underperformed over the year, with a decline of 35.12%, despite a notable increase in profits by 71.8%. The company has a healthy long-term growth outlook with an operating profit growth rate of 53.23%, but it faces challenges such as a low debtors turnover ratio and a high percentage of pledged promoter shares, which can exert downward pressure on the stock price.
In the broader market context, the Sensex has increased by 0.80% over the past week, indicating a slight outperformance compared to Patel Engineering's short-term return. The stock's year-to-date performance is particularly concerning, with a decline of 27.14% against the Sensex's gain of 3.30%. This underperformance is compounded by the fact that while the overall market has seen negative returns of 4.38% in the last year, Patel Engineering's decline has been much steeper. The combination of high promoter share pledging and flat quarterly results has contributed to a negative sentiment around the stock, overshadowing its attractive valuation metrics and long-term growth potential.