Why is Bajaj Hindusthan falling/rising?

As of 09-Sep, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 20.75, reflecting a decrease of 0.33 or 1.57%. The stock has underperformed its sector by 0.41% today and has been on a downward trend for the last four days, accumulating a total loss of 3.62% during this period. Additionally, the stock's performance over the past week shows a decline of 2.26%, and it has significantly underperformed the benchmark Sensex, which has gained 1.18% in the same timeframe. The company's financial health is concerning, with a reported operating loss and a high debt-to-EBITDA ratio, contributing to a negative return on equity. Furthermore, the stock's valuation appears attractive compared to peers, but the substantial drop in profits by 95.4% over the past year raises red flags for investors.
Broader market conditions indicate that while the Sensex has shown a positive return of 1.56% over the past month, Bajaj Hindusthan's stock has plummeted by 8.79% in the same period. This stark contrast highlights the company's struggles, particularly as it has underperformed the broader market over the last year, with a return of -46.78% compared to the BSE500's -2.87%. The high percentage of pledged promoter shares adds to the downward pressure on the stock, especially in a falling market, further exacerbating investor concerns and contributing to the stock's decline.