Why is RattanIndia Pow. falling/rising?

As of 22-Sep, RattanIndia Power Ltd's stock price is currently at 12.25, reflecting a decrease of 0.16, or 1.29%. The stock has underperformed its sector today by 5.34% and has experienced a trend reversal, falling after five consecutive days of gains. In terms of returns, the stock has shown a slight increase of 0.57% over the past week but remains flat over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 10.45% and a one-year drop of 15.34%. The company's fundamentals are concerning, with a weak long-term ROCE of 3.95%, a high Debt to EBITDA ratio of 11.55 times, and a recent PAT of Rs -13.11 crore, which has fallen by 123.6% compared to the previous four-quarter average. Additionally, 88.65% of promoter shares are pledged, which can exert further downward pressure on the stock price in a declining market.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of 0.57% compared to the Sensex's 0.46%. However, over the past year, RattanIndia Power Ltd has significantly underperformed the market, which has seen a decline of only 2.82% while the stock itself has fallen by 15.34%. The power generation and distribution sector has gained by 4.05%, indicating that the company's struggles are specific rather than reflective of the sector's overall health. Rising investor participation, as evidenced by an increase in delivery volume, suggests some interest, but the overall negative financial indicators and high levels of pledged shares are likely contributing to the stock's current downward movement.