Why is Shalimar Wires falling/rising?

As of 29-Sep, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at 20.00, reflecting a decrease of 0.57 or 2.77%. The stock has underperformed its sector today by 6.22% and has been on a consecutive downward trend for the last two days, with a total drop of 2.87%. In terms of returns, the stock has shown a negative performance over the past week at -2.72%, while it has fared slightly better over the past month with a gain of 5.26%. However, the longer-term outlook remains concerning, with a year-to-date decline of 13.79% and a significant drop of 32.25% over the past year. The company's financials indicate a high debt level and weak long-term growth, which contribute to its poor performance, despite some positive results in operating profit and a favorable PEG ratio.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 2.18% over the past week and a modest gain of 0.70% over the past month. The metal sector, in which Shalimar operates, has gained by 3.54%, highlighting the stock's underperformance relative to its peers. Additionally, the company's high debt-to-equity ratio and the fact that 45.08% of promoter shares are pledged add to the downward pressure on the stock price, especially in a falling market. Overall, the combination of weak fundamentals, declining investor participation, and underperformance against both the sector and broader market indices suggests a challenging environment for Shalimar Wires Industries Ltd.