Why is Polyplex Corpn falling/rising?

As of 06-Oct, Polyplex Corporation Ltd is experiencing a decline in its stock price, currently at Rs 1,014.35, which reflects a decrease of Rs 32.65 or 3.12%. The stock has been underperforming, having fallen consecutively over the last two days with a total decline of 4.07%. It is trading close to its 52-week low, just 2.2% away from Rs 992. Additionally, the stock has shown poor performance against the benchmark, with a 1-week return of -2.21% compared to the Sensex's +1.77%. The company's operating profit has significantly decreased over the last five years, and recent financial results indicate a substantial drop in profitability, further contributing to negative sentiment around the stock. Furthermore, 99.94% of promoter shares are pledged, which adds downward pressure in a declining market. In the broader market context, Polyplex Corporation's short-term performance has lagged behind the Sensex, which has gained 1.77% over the past week while Polyplex has lost 2.21%. This consistent underperformance against the benchmark over the last three years, coupled with a high Price to Book Value ratio compared to its peers, suggests that investors are wary of the stock's future growth potential. The falling investor participation, as indicated by a significant drop in delivery volume, also reflects a lack of confidence among traders. Overall, the combination of poor financial results, high promoter share pledges, and a history of underperformance has led to the current decline in the stock price.