Why is Bajaj Hindusthan falling/rising?

As of 14-Aug, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 21.46, reflecting a decrease of 0.62 or 2.81%. The stock has underperformed its sector by 2.83% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 7.62% in that period. Over the past week, the stock has fallen by 5.71%, and its performance over the last month shows a significant decline of 21.28%. The company has reported a substantial drop in profits, with a year-over-year return of -45.39%, indicating severe operational challenges, including a high Debt to EBITDA ratio and operating losses. Additionally, the stock's valuation appears attractive compared to peers, but the negative return on equity and the fact that 100% of promoter shares are pledged contribute to the downward pressure on the stock price.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of 0.03% over the past week, Bajaj Hindusthan's performance has been markedly worse, highlighting its struggles compared to the overall market. The stock's year-to-date performance shows a decline of 29.34%, contrasting sharply with the Sensex's gain of 3.15%, further emphasizing its underperformance. The company's weak long-term fundamentals, coupled with the high level of pledged shares, create an environment where investor confidence is low, contributing to the stock's continued decline in a challenging market landscape.