Why is Bajaj Hindusthan falling/rising?

As of 03-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 21.53, reflecting an increase of 0.3 or 1.41%. The stock has shown a positive trend recently, gaining 6.69% over the last three days and outperforming its sector by 0.96%. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 6.55% and a significant drop of 48.03% over the last year. The company is facing challenges, including a high Debt to EBITDA ratio of 19.57 times and substantial operating losses, which have contributed to a negative return on equity. Additionally, 100% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, while Bajaj Hindusthan has experienced a short-term rise, it has significantly underperformed compared to the benchmark, with the Sensex showing a slight decline of 0.27% over the past week. The stock's year-to-date performance is particularly concerning, with a decline of 29.11% compared to a 3.11% increase in the benchmark. This stark contrast highlights the stock's struggles relative to the overall market, indicating that while there may be some recent positive momentum, the long-term fundamentals remain weak, contributing to investor caution.