Why is Bajaj Hindusthan falling/rising?

As of 22-Aug, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 21.15, which reflects a decrease of 0.26 or 1.21%. The stock has underperformed its sector by 0.69% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.31%. Over the past week, the stock has fallen by 1.44%, and its performance over the last month shows a significant decline of 18.65%. The company has reported operating losses and a drastic fall in profits, with a net profit decrease of 4,780.11% in the most recent quarter. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The high debt-to-EBITDA ratio and the fact that 100% of promoter shares are pledged further contribute to the negative sentiment surrounding the stock.
In the broader market context, while the Sensex has gained 0.88% over the past week, Bajaj Hindusthan's performance has been markedly worse, with a year-to-date decline of 30.36% compared to the Sensex's 4.05% gain. This stark contrast highlights the stock's struggles relative to the overall market. Despite the company's attractive valuation metrics, such as a low enterprise value to capital employed ratio, the significant operational challenges and high raw material costs have led to a lack of investor confidence, resulting in falling investor participation and liquidity issues. Overall, the stock's poor performance against both its sector and the broader market underscores the reasons for its current decline.