Why is Tarapur Trans falling/rising?

As of 24-Jun, Tarapur Transformers Ltd is currently priced at 29.04, reflecting a decrease of 0.59, or 1.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.84% during this period. Despite a strong performance over the past year with a return of 100.83%, the company faces significant challenges, including a negative book value and a high Debt to EBITDA ratio, which indicate weak long-term fundamental strength. Additionally, 94.7% of promoter shares are pledged, which can exert further downward pressure on the stock in a declining market.
In the broader market context, Tarapur Transformers Ltd has outperformed the benchmark Sensex over the past week and month, with returns of 0.83% and 6.33%, respectively, compared to the Sensex's 0.58% and 0.41%. However, the stock's year-to-date performance is notably poor, with a decline of 37.39%, contrasting sharply with the Sensex's gain of 5.01%. The recent drop in investor participation, with delivery volume falling by 72.82% against the five-day average, suggests a lack of confidence among investors, contributing to the stock's current downward trend.