Why is Shalimar Wires falling/rising?

As of 04-Jul, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at 21.01, which reflects a decrease of 0.19 or 0.9%. The stock has underperformed its sector by 0.7% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.41% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Shalimar Wires has generated a return of -14.97%, significantly underperforming the broader market, which has seen positive returns. The company's high debt levels, weak long-term growth, and low profitability per unit of shareholders' funds contribute to its negative performance. Furthermore, 45.08% of promoter shares are pledged, which can exert additional downward pressure on the stock price in a falling market.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.78% compared to the Sensex's -0.74%. While the market has shown resilience with a 3-year return of 144.02% and a 5-year return of 333.20%, Shalimar Wires has lagged behind, particularly with a year-to-date decline of 9.44%. Despite an attractive valuation and a significant increase in profits over the past year, the company's high debt and poor long-term growth prospects have overshadowed these positive factors, leading to a lack of investor confidence and continued selling pressure on the stock.