Why is Vipul Ltd falling/rising?

As of 23-Sep, Vipul Ltd's stock price is currently at 9.77, reflecting a decline of 0.21, or 2.1%. The stock has been underperforming, having lost 4.03% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has decreased by 18.18% compared to the 5-day average, indicating falling investor participation. The company has reported negative results for the last three consecutive quarters, with significant operating losses and a high Debt to EBITDA ratio of 6.35 times, which suggests a weak long-term fundamental strength. The stock has generated a staggering return of -71.69% over the past year, further exacerbated by a 30.71% pledge of promoter shares, which adds downward pressure in a declining market.
In the broader market context, Vipul Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.15% compared to the Sensex's -0.34%. While the stock has shown a slight positive return of 1.03% over the past month, it remains significantly behind the benchmark's 0.98% gain. The overall negative sentiment surrounding the stock, driven by its poor financial performance and high debt levels, has contributed to its decline, contrasting sharply with the broader market's relatively stable performance.