Why is Bajaj Hindusthan falling/rising?

As of 15-Jul, Bajaj Hindusthan Sugar Ltd's stock price is currently at 27.48, reflecting an increase of 0.22 or 0.81%. The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it has underperformed in the short term, with a 5.63% drop over the past week, while the Sensex has only decreased by 1.36%. The stock's performance over the last month is more favorable, with a 10.49% increase compared to the Sensex's 1.79% rise. Despite this recent uptick, the stock's long-term performance remains concerning, with a 34.52% decline over the past year. Positive factors include a strong operating profit to interest ratio and significant cash reserves, while negative factors such as a high debt to EBITDA ratio and pledged promoter shares contribute to its volatility.
Broader market context indicates that while Bajaj Hindusthan has seen a short-term recovery, it has significantly lagged behind the broader market, which has generated a 0.37% return over the past year. The stock's recent gains may not be sustainable given its weak long-term fundamentals, including a negative return on equity and a declining ability to service debt. The falling investor participation, as evidenced by a 46.06% drop in delivery volume, further suggests caution among investors. Overall, while there are some positive indicators, the broader market context and the company's fundamental weaknesses suggest that the stock's recent rise may not be indicative of a longer-term recovery.