Why is True Green falling/rising?

As of 29-Aug, True Green Bio Energy Ltd is experiencing a decline in its stock price, currently at Rs 56.56, reflecting a decrease of -0.44 or -0.77%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of -6.71%. Additionally, it is trading lower than all major moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The stock is also close to its 52-week low, just 4.7% away from Rs 53.9. Despite reporting positive results in net sales and profitability for the quarter ending June 25, the company has shown weak long-term fundamental strength, with a -28.97% CAGR growth in net sales over the past five years and a low return on equity of 2.95%. Furthermore, 57.5% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, True Green's performance has been significantly worse than the benchmark, with a one-year return of -19.05% compared to the BSE500's negative return of -5.40%. The stock has also underperformed the market over the last month and year, with declines of -16.58% and -48.58% year-to-date, respectively. This stark contrast highlights the challenges faced by True Green in attracting investor confidence, particularly given the falling investor participation and liquidity issues. Overall, the combination of weak fundamentals, high promoter share pledging, and poor recent performance relative to the market contributes to the stock's downward trajectory.