Why is Polyplex Corpn falling/rising?

As of 21-Aug, Polyplex Corporation Ltd is experiencing a decline in its stock price, currently at 1,050.35, which reflects a decrease of 3.15 (-0.3%). The stock has been underperforming significantly, with a consecutive fall over the last seven days resulting in a total decline of 7.86%. It is trading close to its 52-week low, just 3.03% away from Rs 1,018.5. The stock has shown poor returns over various periods, including a 19.29% decline over the past year and a staggering 51.58% drop over the last three years. Additionally, the company has reported negative financial results, including a PAT of Rs -19.31 crore and a significant decrease in operating profit, which has contributed to its weak performance. The high percentage of pledged promoter shares (99.94%) further exacerbates the downward pressure on the stock.
In the broader market context, Polyplex's performance has been notably worse than the benchmark, with a 1-week return of -2.12% compared to the Sensex's gain of +1.74%. This consistent underperformance highlights the challenges the company faces in attracting investor confidence, especially given its low debt-to-equity ratio and high valuation relative to peers. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 43.57% drop in delivery volume, indicates a lack of interest. Overall, the combination of poor financial results, high promoter share pledging, and significant underperformance against the benchmark suggests a challenging environment for Polyplex Corporation Ltd.