Why is Ramky Infra falling/rising?

As of 25-Aug, Ramky Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 587.40, which reflects a decrease of Rs 18.05 or 2.98%. Today's price summary indicates that the stock has underperformed its sector by 2.98% and has fallen after five consecutive days of gains, touching an intraday low of Rs 585. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. However, the company has faced significant challenges, including a 19.53% decline in stock value over the past year and a 25.4% drop in profits, which has contributed to negative sentiment among investors. Additionally, the high debt levels, with a debt-to-equity ratio of 2.51, and a substantial portion of promoter shares being pledged further exacerbate concerns regarding the company's long-term stability.
In the broader market context, while the Sensex has shown a modest gain of 0.45% over the past week, Ramky Infrastructure's stock has increased by 3.96% in the same period, indicating some short-term resilience. However, the stock's year-to-date performance is notably poor, with a decline of 8.35% compared to the Sensex's gain of 4.48%. This underperformance is compounded by the company's weak fundamentals, including a return on equity of only 8.50% and a significant drop in net sales. The overall market sentiment, coupled with the company's financial struggles, suggests that investors are cautious, leading to the current downward pressure on the stock price.