Why is Relicab Cable falling/rising?

As of 10-Oct, Relicab Cable Manufacturing Ltd's stock is currently priced at Rs 62.60, reflecting a decline of Rs 2.63 or 4.03%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 7.51% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has significantly underperformed the sector today by 4.49%. Over the past year, it has experienced a staggering decline of 56.10%, while its profits have only risen by 11%, leading to a high PEG ratio of 2.9. The situation is exacerbated by the fact that 99.94% of promoter shares are pledged, which tends to exert additional downward pressure on the stock price in a falling market.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined by 6.26% over the past week while the Sensex has gained 1.59%. This underperformance is indicative of broader investor sentiment, as the stock has not only lagged behind the market but has also seen a drastic reduction in delivery volume, down 77.33% from its five-day average. Despite the company's healthy long-term growth metrics, including a 26% annual growth rate in net sales, the current market conditions and the high percentage of pledged shares are contributing to a negative outlook for the stock.