Why is Ramky Infra falling/rising?

As of 02-Jul, Ramky Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 560.75, which reflects a decrease of Rs 17.75 or 3.07%. Today's price summary indicates that the stock has underperformed its sector by 1.99% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 557.85, and trading volume has decreased, with delivery volume falling by 13.46% against the five-day average. Despite being higher than its moving averages over various periods, the company has faced significant challenges, including a 35.8% drop in profits over the past year and a net sales decline of 15.88%. Additionally, 25.7% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, Ramky Infrastructure's short-term performance shows a 3.37% increase over the past week, outperforming the Sensex, which rose by only 0.79%. However, the year-to-date performance is concerning, with the stock down 12.51% compared to the Sensex's 6.75% gain. This disparity highlights the stock's struggles despite some positive valuation metrics, such as an attractive return on capital employed and trading at a discount to peers. The high debt levels and weak long-term growth prospects further contribute to the stock's negative sentiment, leading to its current price decline.