Why is Shalimar Wires falling/rising?

As of 25-Jun, Shalimar Wires Industries Ltd is currently priced at 21.30, reflecting a slight increase of 0.05 (0.24%). The stock has been gaining for the last two days, with a total return of 2.4% during this period. However, over the past week, the stock has declined by 4.27%, and its year-to-date performance shows a decrease of 8.19%. While the stock is trading at a discount compared to its peers, it faces challenges due to high debt levels, a low return on equity, and weak long-term growth, which may contribute to investor caution. Additionally, the delivery volume has significantly decreased, indicating falling investor participation.
In the broader market context, the Sensex has shown a positive return of 1.61% over the past week, contrasting with Shalimar Wires' decline. This disparity highlights the stock's underperformance relative to the benchmark. Despite the company's profits rising by 249% over the past year, the overall negative sentiment stemming from high debt and pledged promoter shares may exert downward pressure on the stock price, especially in a falling market. The stock's recent performance, while showing some short-term gains, is overshadowed by its longer-term challenges and the broader market's positive trajectory.