Why is Bajaj Hindusthan falling/rising?

As of 30-Jun, Bajaj Hindusthan Sugar Ltd is experiencing a slight decline in its stock price, currently at 25.89, reflecting a change of -0.02 (-0.08%). The stock has recently shown a trend reversal, falling after six consecutive days of gains. Despite this recent downturn, the stock has performed well in the short term, with a 12.08% increase over the past week and a 7.12% rise over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 14.75% and a one-year drop of 35.44%. The company has reported strong operating profit metrics and cash reserves, but it also faces challenges such as a high debt-to-EBITDA ratio and negative return on equity, which contribute to its weak long-term fundamental strength.
In the broader market context, while Bajaj Hindusthan has outperformed the Sensex in the short term, the benchmark index has still shown positive returns of 2.09% over the past week and 2.65% over the past month. The stock's performance is further complicated by the fact that it has underperformed the market over the last year, where the BSE 500 has generated returns of 3.95%. The high percentage of pledged promoter shares adds additional downward pressure in a falling market, which may also influence investor sentiment negatively. Overall, while there are some positive indicators, the combination of recent price movement, long-term underperformance, and high debt levels suggests a cautious outlook for Bajaj Hindusthan Sugar Ltd.