Why is Ramasigns Indus. falling/rising?

As of 27-Jun, Ramasigns Industries Ltd is experiencing a decline in its stock price, currently at 2.23, reflecting a decrease of 0.11 or 4.7%. The stock has underperformed its sector by 4.08% today and has been on a downward trend for the past five days, accumulating a total loss of 17.1% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish sentiment. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of -1.58. Furthermore, 100% of promoter shares are pledged, which adds downward pressure on the stock price, particularly in a falling market.
In the broader market context, Ramasigns Industries Ltd's recent performance contrasts sharply with the Sensex, which has gained 2.00% over the past week and 3.07% over the past month. While the stock has shown a slight increase of 0.45% over the past year, it has significantly underperformed in the longer term, with a year-to-date decline of 22.84% compared to the Sensex's 7.58% gain. The falling investor participation, with a delivery volume drop of 86.88% against the 5-day average, further underscores the lack of confidence in the stock. Overall, the combination of weak fundamentals, high pledged shares, and poor recent performance relative to the benchmark contributes to the stock's downward trajectory.