Why is Bajaj Hindusthan falling/rising?

As of 20-Aug, Bajaj Hindusthan Sugar Ltd is currently priced at 21.65, reflecting a rise of 0.11 or 0.51%. The stock has shown a consecutive gain over the last two days, with a total return of 1.69% during this period. However, it has underperformed its sector by 0.73% today and is trading below all key moving averages, indicating weakness in its price trend. Over the past year, the stock has significantly underperformed, with a return of -48.55%, while its profits have plummeted by 95.4%. The company's high debt levels and operating losses contribute to a weak long-term fundamental strength, further pressuring the stock price.
In the broader market context, the Sensex has gained 1.64% over the past week, contrasting sharply with Bajaj Hindusthan's decline of 1.95% during the same period. This underperformance is exacerbated by the company's high debt to EBITDA ratio and the fact that 100% of promoter shares are pledged, which adds downward pressure in a falling market. Despite the recent uptick in investor participation, the overall negative financial indicators and the stock's significant decline compared to the benchmark highlight the challenges facing Bajaj Hindusthan Sugar Ltd.