Why is Shalimar Wires falling/rising?

As of 14-Jul, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at Rs 20.27, which reflects a decrease of 1.46 or 6.72%. The stock has underperformed its sector by 8.94% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.8%. Over the past week, the stock has decreased by 1.17%, and its performance over the last month shows a significant decline of 11.48%. Despite a substantial increase in profits by 249% over the past year, the stock has generated a negative return of -18.92%, indicating a troubling disparity between profit growth and stock performance. Additionally, the company has a high debt-to-equity ratio and low profitability, with a return on equity of only 1.09%, which contributes to investor concerns.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.40% over the past month. While the metal sector has seen a gain of 2.22%, Shalimar Wires has struggled significantly, reflecting broader issues such as high debt levels and poor long-term growth prospects. The company's liquidity appears to be declining, as evidenced by a 73.56% drop in delivery volume compared to the five-day average, further exacerbating the stock's downward pressure. Overall, the combination of high promoter pledged shares and underperformance relative to the market has led to a negative sentiment surrounding the stock, contributing to its current decline.