Why is Bajaj Hindusthan falling/rising?

As of 02-Sep, Bajaj Hindusthan Sugar Ltd is experiencing a price increase, with the current price at 21.23, reflecting a rise of 0.83 or 4.07%. The stock has shown a positive performance today, gaining 5.2% over the last two days, although it underperformed its sector by 0.68%. Despite this short-term gain, the stock has had a challenging year, with a return of -49.02%, and its profits have significantly declined by 95.4%. The company is trading at a discount compared to its peers, but it faces serious financial challenges, including high debt levels and operating losses, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's short-term performance of +2.71% over the past week contrasts sharply with the Sensex, which has declined by 0.78%. While the sugar sector has gained by 4.66%, Bajaj Hindusthan's long-term performance remains concerning, as it has underperformed the market significantly over the past year. The company's high debt-to-EBITDA ratio and the fact that 100% of promoter shares are pledged add to the downward pressure on its stock price, indicating that despite recent gains, the overall outlook remains precarious.