Why is Bajaj Hindusthan falling/rising?

As of 28-Aug, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 20.39, which reflects a decrease of 0.28 or 1.35%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -5.82% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume decreasing by 19.34% compared to the five-day average. Over the past year, the stock has generated a return of -50.33%, while profits have plummeted by 95.4%, contributing to its negative performance.
In the broader market context, Bajaj Hindusthan's short-term performance has been notably worse than the benchmark, with a one-week return of -4.76% compared to the Sensex's -2.34%. The company is facing severe financial challenges, including operating losses and a high Debt to EBITDA ratio of 19.57 times, which undermines its ability to service debt. Furthermore, the fact that 100% of promoter shares are pledged adds to the downward pressure on the stock, particularly in a falling market. Overall, the combination of weak fundamentals, poor returns relative to the market, and declining investor interest are significant factors contributing to the stock's current downward trajectory.