Why is Relicab Cable falling/rising?

As of 31-Jul, Relicab Cable Manufacturing Ltd's stock price is currently at 76.53, reflecting a decrease of 0.49, or 0.64%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 9.96% during this period. Despite outperforming its sector by 0.69% today, the stock's performance over the past week and month shows significant underperformance, with declines of 9.95% and 10.88%, respectively. The company's financial health is concerning, as it reported a negative profit before tax and the lowest operating profit to net sales ratio, alongside a high percentage of pledged promoter shares, which adds pressure on the stock price.
In the broader market context, the stock has underperformed relative to the benchmark, with a one-year return of -40.44% compared to the BSE500's decline of only -3.20%. This stark contrast highlights the stock's struggles in a generally negative market environment. While the company has shown healthy long-term growth in net sales and operating profit, the recent flat results and high valuation metrics, such as a PEG ratio of 3.9, suggest that investor confidence is waning. The rising investor participation, indicated by increased delivery volume, may not be sufficient to counteract the negative sentiment stemming from the company's financial challenges and market conditions.