Why is Bajaj Hindusthan falling/rising?

As of 05-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 21.15, reflecting a decrease of 0.1, or 0.47%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.76% during this period. Additionally, the stock has shown a significant negative return of 47.19% over the past year, while its profits have plummeted by 95.4%. The company is facing operational challenges, including high debt levels and operating losses, which contribute to its weak long-term fundamental strength. Furthermore, 100% of promoter shares are pledged, adding downward pressure on the stock in a declining market.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of 4.81% compared to the benchmark's 1.13%. However, over the longer term, the stock's performance has been significantly worse than the market, with a year-to-date decline of 30.36% against the Sensex's gain of 3.29%. The falling investor participation, as indicated by a 59.85% drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors. Overall, while there are some attractive valuation metrics, the overwhelming negative factors are leading to the stock's continued decline.