Why is Bajaj Hindusthan falling/rising?

As of 16-Jul, Bajaj Hindusthan Sugar Ltd is currently priced at 27.57, reflecting a slight increase of 0.09 (0.33%). The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.14%. Despite this short-term gain, the stock has underperformed in the longer term, with a 1-week return of -3.06% and a year-to-date decline of -9.22%. Key financial metrics indicate that while the company has the highest operating profit to interest ratio at 12.10 times and cash equivalents at Rs 73.56 crore, it also faces challenges such as a high debt to EBITDA ratio of 19.57 times and negative return on equity, which contribute to concerns about its long-term fundamental strength. Additionally, 100% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, Bajaj Hindusthan's recent performance contrasts with the benchmark Sensex, which has shown a modest decline of -1.08% over the past week. While the stock has outperformed its sector by 0.35% today, its longer-term performance remains concerning, particularly with a year-over-year decline of -34.14% compared to the Sensex's positive return of 2.38%. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that while there may be short-term gains, the overall outlook for Bajaj Hindusthan Sugar Ltd remains cautious amidst significant long-term challenges.