Why is Setco Automotive falling/rising?

As of 01-Sep, Setco Automotive Ltd's stock is currently priced at 16.00, reflecting a decrease of 0.53, or 3.21%. The stock has underperformed its sector today by 5.94%, despite being higher than its 5-day and 20-day moving averages. Over the past week, the stock has shown a positive return of 1.46%, while it has outperformed the benchmark Sensex, which has declined by 1.56%. However, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio of 2.32 times, which raises concerns about its long-term viability. The stock's recent performance is also impacted by a reported loss of Rs -33.80 crore and a decline in operating profit, which has fallen by 16.8%.
Broader Market Context: In the context of the broader market, Setco Automotive's performance contrasts with the auto ancillary sector, which has gained by 2.8%. While the stock has generated a return of 19.14% over the past year, it has still faced a year-to-date decline of 14.30%, indicating a struggle against the overall market trend, which has seen a positive return of 2.85% in the same period. The high percentage of pledged promoter shares, at 94.59%, adds to the stock's risk profile, particularly in a declining market, potentially exerting additional downward pressure on its price.