Why is Relicab Cable falling/rising?

As of 18-Nov, Relicab Cable Manufacturing Ltd's stock is currently priced at 47.02, reflecting a decline of 3.97, or 7.79%. The stock has been underperforming significantly, with a consecutive fall over the last two days resulting in a total drop of 10.01%. Despite opening the day with a gain of 6.86% and reaching an intraday high of Rs 54.49, it quickly fell to a low of Rs 46.19, indicating high volatility with an intraday fluctuation of 8.24%. Over the past week, the stock has decreased by 11.98%, and its year-to-date performance shows a staggering decline of 48.75%. While there was a positive net sales growth of 22.75% reported on September 25, the stock's long-term fundamentals remain weak, with a significant 52.98% drop in returns over the past year and a concerning 99.94% of promoter shares pledged.
In the broader market context, the Sensex has shown resilience with a slight increase of 0.96% over the past week, contrasting sharply with Relicab's performance. The stock's underperformance is further highlighted by its negative returns compared to the benchmark indices over various periods, including a 52.98% decline in the last year. This stark contrast indicates that while the market is experiencing some stability, Relicab Cable is struggling due to weak long-term fundamentals and high promoter share pledges, which exert additional downward pressure on its stock price.