Why is Shalimar Paints falling/rising?

As of 04-Aug, Shalimar Paints Ltd. is currently priced at 78.60, reflecting an increase of 0.36 (0.46%). Despite this slight uptick, the stock has been underperforming significantly, with a 1-week decline of 5.78% and a 1-month drop of 18.19%. The stock hit a new 52-week low of Rs.77.29 today and is trading below all major moving averages, indicating a bearish trend. The company is facing operational challenges, including negative EBITDA and a weak long-term growth outlook, with operating profits declining at an annual rate of 18.16% over the past five years. Additionally, 57.68% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting sharply with Shalimar Paints' recent performance. The stock's consistent underperformance against the benchmark is evident, as it has generated a return of -47.60% over the past year, while the Sensex has remained relatively stable with a 0.05% increase. This disparity highlights the stock's struggles, particularly in light of its weak fundamentals and high debt levels, which contribute to its risk profile and investor sentiment.