Why is RKEC Projects falling/rising?

As of 06-Nov, RKEC Projects Ltd is experiencing a decline in its stock price, currently at 65.13, which reflects a decrease of 1.52 or 2.28%. The stock has underperformed its sector by 1.2% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 3.30%, and it has seen a significant decline of 45.92% over the past year, indicating a persistent downward trend. Despite a recent increase in delivery volume by 12.8%, the overall performance remains weak, compounded by negative financial results over the last three quarters and a high debt-to-EBITDA ratio of 3.22 times, which suggests challenges in servicing debt.
In the broader market context, RKEC Projects has underperformed compared to the Sensex, which has gained 1.72% over the past month, while RKEC has fallen by 6.74%. The company's weak long-term fundamentals, including a low return on equity and a significant portion of promoter shares being pledged, add to the downward pressure on the stock price. The stock's valuation appears attractive relative to its peers, but the negative sentiment stemming from declining profits and poor recent performance has overshadowed these factors, leading to a lack of investor confidence in the near term.