Why is Bajaj Hindusthan falling/rising?

As of 24-Jul, Bajaj Hindusthan Sugar Ltd's stock price is currently at 25.57, reflecting a decrease of 0.29, or 1.12%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.65%. In terms of returns, the stock has experienced a significant drop of 38.61% over the past year, while its profits have risen by 83.5%. Despite a strong quarterly profit growth of 140% and high operating profit to interest ratio, the stock's long-term fundamental strength is weak, evidenced by a -20.69% CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio of 19.57 times. Additionally, all promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the stock has underperformed the benchmark, with a one-year return of -38.61% compared to the BSE500's positive return of 0.99%. The stock's recent performance is also reflected in its short-term returns, where it has declined by 4.73% over the past week, while the Sensex has only decreased by 0.09%. The falling investor participation, with a 36.54% drop in delivery volume compared to the five-day average, further indicates a lack of confidence among investors. Overall, the combination of weak long-term fundamentals, high debt levels, and underperformance relative to the market contributes to the stock's downward movement.