Why is RKEC Projects falling/rising?

As of 17-Nov, RKEC Projects Ltd is experiencing a decline in its stock price, currently at Rs 59.17, reflecting a decrease of Rs 3.63 or 5.78%. The stock has hit a new 52-week low today and has underperformed its sector by 6.34%. Over the past week, the stock has seen a return of -8.31%, and it has significantly underperformed the benchmark Sensex, which has gained 1.72% during the same period. Additionally, the stock is trading below its moving averages across all time frames, indicating a bearish trend. The company's financial performance has also been concerning, with a 46.75% decline in returns over the past year and a 36.4% drop in profits.
Broader Market Context: In comparison to the benchmark, RKEC Projects' short-term performance has been notably poor, with a substantial negative return over the last week while the Sensex has risen. The company's weak long-term fundamentals, including a high Debt to EBITDA ratio and a low Return on Equity, further exacerbate its challenges. Additionally, the fact that 70.57% of promoter shares are pledged adds to the downward pressure on the stock, particularly in a declining market. Overall, the combination of poor financial results, high debt levels, and significant underperformance relative to the market contributes to the stock's current downward trajectory.