Why is Bajaj Hindusthan falling/rising?

As of 19-Aug, Bajaj Hindusthan Sugar Ltd's stock price is currently at 21.54, reflecting an increase of 0.25 or 1.17%. Despite this recent uptick, the stock has underperformed its sector by 0.84% today and has experienced a trend reversal after four consecutive days of decline. Over the past week, the stock has fallen by 4.94%, and its performance over the last month shows a significant drop of 18.72%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, while the stock has a low return on capital employed and is trading at a discount compared to its peers, it has reported substantial losses, with a profit after tax decline of 212.2% and a negative return on equity, which raises concerns about its long-term viability.
Broader market context shows that while the Sensex has gained 1.76% over the past week, Bajaj Hindusthan's performance has been markedly worse, with a year-to-date decline of 29.07% compared to the Sensex's increase of 4.49%. The stock's high debt-to-EBITDA ratio of 19.57 times and the fact that 100% of promoter shares are pledged contribute to its weak long-term fundamental strength, further exacerbating its underperformance in a falling market. Overall, the combination of operational losses, high debt levels, and significant declines in profitability has led to a challenging environment for Bajaj Hindusthan, overshadowing its recent price increase.