Why is Bajaj Hindusthan falling/rising?

As of 25-Aug, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 21.09, reflecting a decrease of 0.06 or 0.28%. The stock has underperformed its sector by 0.72% today and has been on a downward trend for the last three days, resulting in a total decline of 2.59% during this period. Additionally, the stock has significantly underperformed the broader market, with a one-year return of -48.91% compared to the Sensex's modest gain of 0.68%. The company's financial health is concerning, as it has reported substantial operating losses and a negative return on equity, alongside a high debt-to-EBITDA ratio, which indicates a weak ability to service its debt. Furthermore, 100% of the promoter shares are pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, Bajaj Hindusthan's short-term performance has been notably poor, with a one-week return of -0.94% while the Sensex has gained 0.45%. This stark contrast highlights the company's struggles relative to the market. The stock's liquidity is also a concern, as delivery volumes have decreased significantly, indicating falling investor participation. Overall, the combination of weak financial fundamentals, high debt levels, and negative market sentiment has contributed to the stock's ongoing decline.