Why is Bajaj Hindusthan falling/rising?

As of 15-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 21.36, reflecting an increase of 0.45 or 2.15%. The stock has shown a positive trend recently, gaining for the last two days and outperforming its sector by 1.72%. However, despite this short-term gain, the stock has underperformed over the past month with a return of -0.47%, and a significant decline of -29.67% year-to-date. The company has reported operating losses and a high Debt to EBITDA ratio, which indicates weak long-term fundamental strength. Additionally, the stock is trading at a discount compared to its peers, but the substantial drop in profits by -95.4% over the past year raises concerns about its financial health.
In the broader market context, the stock's recent performance has slightly outpaced the Sensex, which gained 1.24% over the past week compared to Bajaj Hindusthan's 1.33%. However, the stock has significantly lagged behind the market over the past year, with a decline of -44.40% compared to the Sensex's -1.33%. The high percentage of pledged promoter shares adds further pressure, particularly in a falling market, which could contribute to the stock's volatility. Overall, while there are short-term gains, the long-term outlook remains challenging due to operational losses and high debt levels.