Why is Bajaj Hindusthan falling/rising?

As of 29-Aug, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 20.18, which reflects a decrease of 0.21 or 1.03%. The stock has been on a downward trend, losing value for the last six consecutive days, resulting in a total decline of 6.79% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating weak momentum. Over the past year, Bajaj Hindusthan has underperformed significantly, with a return of -50.47%, while its profits have plummeted by 95.4%. The company's high debt-to-EBITDA ratio and operating losses further contribute to its weak long-term fundamental strength, leading to negative investor sentiment.
In the broader market context, Bajaj Hindusthan's short-term performance has been notably worse than the benchmark, as it has declined by 4.59% over the past week compared to the Sensex's drop of only 1.84%. This stark contrast highlights the stock's underperformance relative to the market. The company's financial struggles, including a high level of pledged promoter shares and a significant inability to service debt, have added to the downward pressure on its stock price. Overall, the combination of poor financial results, declining investor participation, and a challenging market environment has resulted in a continued fall in Bajaj Hindusthan's stock price.