Why is Ramky Infra falling/rising?

As of 24-Sep, Ramky Infrastructure Ltd's stock price is currently at 601.45, reflecting a decline of 13.45 points or 2.19%. The stock has underperformed its sector by 1.89% today, marking a trend reversal after four consecutive days of gains. It reached an intraday low of Rs 598.5, and despite trading above its moving averages, there has been a significant drop in investor participation, with delivery volume falling by 48.85% against the five-day average. Over the past year, the stock has generated a return of -13.43%, coinciding with a 25.4% decline in profits, which further contributes to its negative momentum. Additionally, the company has a high debt-to-equity ratio of 2.51, indicating financial strain, and 25.7% of promoter shares are pledged, which can exert downward pressure on the stock price in a declining market.
In the broader market context, Ramky Infrastructure's short-term performance has been more favorable compared to the benchmark Sensex, which has declined by 1.18% over the past week while the stock has gained 4.60%. However, the stock's year-to-date performance shows a decline of 6.16%, contrasting with the Sensex's gain of 4.58%. The company's weak long-term fundamentals, characterized by low profitability and poor growth in net sales, coupled with negative quarterly results, suggest that the stock may continue to face challenges. Overall, while there are attractive valuation metrics, the high debt levels and recent financial performance are likely contributing to the stock's current downward trend.