Why is RKEC Projects falling/rising?

As of 18-Nov, RKEC Projects Ltd is experiencing a decline in its stock price, currently at Rs. 55.32, reflecting a decrease of Rs. 3.85 or 6.51%. The stock has hit a new 52-week low today and has underperformed its sector by 5.57%. Over the past week, RKEC Projects has seen a significant drop of 13.51%, and its year-to-date performance shows a staggering decline of 39.80%. The company has been reporting negative results for the last four consecutive quarters, with a notable fall in operating profit of 27.45% and a PAT decline of 54.4%. Additionally, 70.57% of promoter shares are pledged, which adds downward pressure on the stock in a falling market. In the broader market context, RKEC Projects' recent performance contrasts sharply with the Sensex, which has gained 0.84% over the past week. The stock's long-term fundamentals are weak, with a low Return on Equity and a high Debt to EBITDA ratio, indicating challenges in servicing debt and generating profitability. Despite a very attractive valuation with a ROCE of 10.2 and trading at a discount compared to peers, the persistent negative results and underperformance against the BSE500 over various time frames highlight the stock's struggles. Overall, the combination of poor financial performance, high promoter pledging, and significant underperformance relative to the market contributes to the stock's current downward trajectory.