Why is Shrenik falling/rising?

As of 11-Sep, Shrenik Ltd's stock price is currently at 0.51, reflecting a decrease of 0.02, or 3.77%. The stock has underperformed its sector by 3.48% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown no change, while it has declined by 7.27% over the past month and a significant 36.25% year-to-date. The company is facing challenges, including a negative book value, a high debt-to-equity ratio of 2.60, and poor long-term growth metrics, with net sales and operating profit declining sharply. Additionally, 99.94% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the Sensex has increased by 1.10% over the past week, contrasting sharply with Shrenik's stagnant performance. The company's significant underperformance relative to the benchmark indicates a lack of investor confidence, further exacerbated by a 31.8% drop in delivery volume against the 5-day average. The stock's risky profile, characterized by negative EBITDA and a substantial decline in profitability, suggests that investors are wary of its long-term viability, contributing to the stock's downward movement.