Why is Zee Learn falling/rising?

As of 25-Sep, Zee Learn Ltd's stock price is currently at 9.26, reflecting a decline of 0.3, or 3.14%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decrease of 7.03% during this period. In terms of returns, the stock has shown a slight decline of 0.64% over the past month, while year-to-date, it has increased by 11.97%. Despite its attractive valuation with a return on capital employed (ROCE) of 11.9 and trading at a discount compared to peers, the company faces significant challenges, including a high debt-to-equity ratio of 5.55 times and a substantial drop in profits by 53.2% over the past year, which negatively impacts investor sentiment.
Broader market context indicates that Zee Learn's recent performance contrasts with the benchmark Sensex, which has declined by 2.23% over the past week. The stock's underperformance is further highlighted by its 3.06% drop relative to its sector today. Additionally, the falling investor participation, with a 63.1% decrease in delivery volume compared to the five-day average, suggests a lack of confidence among investors. The high percentage of pledged promoter shares, at 29.16%, adds further downward pressure in a declining market, contributing to the stock's recent struggles.