Why is Bajaj Hindusthan falling/rising?

As of 26-Aug, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 20.67, reflecting a decrease of 0.42 or 1.99%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 4.53% during this period. Additionally, the stock's performance over the past week and month shows significant underperformance, with returns of -4.04% and -17.55%, respectively. The company is trading below all its moving averages, indicating a bearish sentiment. Furthermore, the stock's valuation appears attractive compared to peers, yet it has suffered a staggering 49.06% loss over the past year, with profits plummeting by 95.4%. The high debt-to-EBITDA ratio and operating losses contribute to a weak long-term fundamental strength, further pressuring the stock price.
In the broader market context, the Sensex has only declined by 1.05% over the past week and 0.83% over the past month, indicating that Bajaj Hindusthan's performance is significantly worse than the benchmark. The sugar sector itself has also seen a decline of 2.31%, which may be affecting investor sentiment towards the stock. The falling investor participation, evidenced by a 34.33% drop in delivery volume, suggests a lack of confidence among traders. Additionally, the fact that 100% of promoter shares are pledged adds to the downward pressure, especially in a falling market. Overall, the combination of poor financial performance, high debt levels, and negative market sentiment has led to the stock's recent decline.