Why is Bajaj Hindusthan falling/rising?

As of 27-Jun, Bajaj Hindusthan Sugar Ltd's stock price is rising, currently at 25.91, reflecting an increase of 1.42 or 5.8%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 14.6% during this period. It outperformed its sector by 5.31% today and reached an intraday high of Rs 26.45. Despite a year-to-date decline of 14.69% and a one-year drop of 35.21%, the stock has shown strong performance in the short term, with a 12.46% increase over the past week and a 9.97% rise over the past month. Positive factors contributing to this rise include the highest operating profit to interest ratio at 12.10 times, significant cash reserves of Rs 73.56 crore, and an attractive valuation compared to peers. However, the stock faces challenges such as a high debt to EBITDA ratio and a negative return on equity, which may impact long-term investor confidence.
In the broader market context, Bajaj Hindusthan's recent performance stands out against the benchmark Sensex, which has only increased by 2.00% over the past week. While the stock has outperformed the market in the short term, it has significantly underperformed over the past year, with a return of -35.21% compared to the market's 4.10%. This discrepancy highlights the stock's volatility and the potential risks associated with its high promoter share pledge and weak long-term fundamentals, which could deter investors despite the recent gains.