Why is Sadbhav Engg. falling/rising?

As of 29-Sep, Sadbhav Engineering Ltd is experiencing a decline in its stock price, currently at 12.21, reflecting a decrease of 0.44 or 3.48%. The stock has been underperforming significantly, having fallen for the last four consecutive days, resulting in an overall decline of 8.4% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the company's negative book value and high debt-to-equity ratio raise concerns about its long-term viability, as it has reported losses and poor growth in net sales and operating profit over the past five years. The recent financial results show a substantial drop in net sales and a negative profit after tax, further contributing to investor apprehension.
In the broader market context, Sadbhav Engineering's short-term performance has been notably worse than the benchmark, with a 1-week return of -7.64% compared to the Sensex's -2.18%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the stock's long-term performance has been dismal, with a 1-year return of -61.39%, which is significantly worse than the Sensex's decline of only 6.08%. The high percentage of pledged promoter shares adds to the stock's risk profile, potentially exacerbating downward pressure in a declining market. Overall, these factors indicate a challenging environment for Sadbhav Engineering, leading to its current price decline.