Why is Bajaj Hindusthan falling/rising?

As of 12-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 20.91, reflecting an increase of 0.1 or 0.48%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, the delivery volume has decreased by 18.56% compared to the 5-day average, suggesting falling investor participation. Over the past year, the stock has experienced a significant decline of 46.47%, while profits have plummeted by 95.4%. The company is also facing operational losses and has a high Debt to EBITDA ratio of 19.57 times, which raises concerns about its ability to service debt. Furthermore, 100% of promoter shares are pledged, adding downward pressure in a falling market.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a 1-year return of -46.47% against the BSE500's -3.45%. This stark contrast highlights the stock's struggles relative to the market. While the stock's current price movement shows a slight uptick, the overall trend remains negative, compounded by weak long-term fundamentals and high operational losses. The market's positive performance in the last week and month, with returns of +1.48% and +2.08% respectively, further emphasizes the challenges faced by Bajaj Hindusthan Sugar Ltd in attracting investor confidence.