Why is Shalimar Paints falling/rising?

As of 09-Sep, Shalimar Paints Ltd. is currently priced at 73.72, reflecting an increase of 0.84 or 1.15%. The stock has shown a positive performance today, outperforming its sector by 1.22% and has been gaining for the last two days, with a total return of 1.39% during this period. However, the stock has experienced significant underperformance over the longer term, with a year-to-date decline of 42.02% and a one-year return of -46.29%. The company is facing challenges such as operating losses, a weak ability to service its debt, and a high debt-equity ratio, which contribute to its classification as a strong sell. Additionally, 57.68% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 1.61% over the past week while the Sensex has risen by 1.18%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, as it has not only generated negative returns but has also lagged behind the BSE500 in each of the last three annual periods. The falling investor participation, indicated by a decrease in delivery volume, further suggests a lack of confidence among investors, which could be influencing the stock's recent price movements.