Why is Sadbhav Infra. falling/rising?

As of 22-Sep, Sadbhav Infrastructure Projects Ltd is experiencing a decline in its stock price, currently at 3.96, reflecting a decrease of 0.05 or 1.25%. The stock has been underperforming significantly, with a consecutive fall over the last four days resulting in a total decline of 7.26%. In the past week, the stock has dropped by 4.58%, and over the last month, it has decreased by 15.38%. Despite some positive financial results, such as a notable growth in profit before tax and a high return on capital employed, the company faces challenges due to a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, 71.39% of promoter shares are pledged, which adds further downward pressure on the stock in a falling market.
In the broader market context, while the Sensex has gained 0.46% over the past week, Sadbhav Infrastructure has significantly lagged behind, indicating a stark contrast in performance. The stock's year-to-date return stands at a staggering -39.17%, while the Sensex has increased by 5.15% during the same period. This underperformance is compounded by the company's poor long-term growth metrics, with net sales declining at an annual rate of -16.00% over the last five years. Overall, the combination of negative sentiment from high promoter pledges, weak fundamentals, and a lack of investor confidence has led to the stock's recent decline.