Why is Bajaj Hindusthan falling/rising?

As of 01-Jul, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 25.76, which reflects a decrease of 0.13 or 0.5%. The stock has underperformed its sector by 0.86% today and has been on a downward trend for the past two days, with a total decline of 0.77% during this period. Despite a positive performance over the past week and month, with returns of 10.46% and 6.58% respectively, the stock has significantly underperformed over the year, showing a loss of 37.64%. While the company has reported strong operating profit and cash equivalents, it 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, the stock's recent performance contrasts sharply with the benchmark, as it has generated negative returns of 37.64% over the past year while the BSE500 index has seen a gain of 3.20%. This underperformance is compounded by the fact that 100% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Although the stock is trading at a discount compared to its peers and has shown impressive growth over three and five years, the current market sentiment and the company's financial challenges are leading to a decline in its stock price.