Why is Vedanta falling/rising?

As of 29-Aug, Vedanta Ltd. is currently priced at 420.35, reflecting a decrease of 3.9, or 0.92%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.66% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 5.39%, while its year-to-date performance is also negative at -5.39%. Despite a high dividend yield of 12.14% and strong long-term fundamentals, including a robust Return on Capital Employed (ROCE) and significant profit growth, the stock faces pressure due to a high percentage of pledged promoter shares, which can exacerbate declines in a falling market.
In the broader market context, Vedanta's recent performance contrasts with the Sensex, which has only declined by 1.84% over the same week. This indicates that Vedanta is underperforming relative to the market. The company's declining delivery volume, which has dropped by 49.18% against the 5-day average, suggests reduced investor interest, further contributing to the stock's downward movement. While the company has demonstrated strong financial health and growth in profits, the risks associated with high promoter share pledging and the current market conditions are likely influencing investor sentiment negatively, leading to the stock's recent decline.