Why is Bajaj Hindusthan falling/rising?

As of 17-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 21.46, reflecting an increase of 0.1 or 0.47%. The stock has shown a performance today that outperformed its sector by 0.31%. However, it is important to note that while the stock is higher than its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 2.68%, but it has a year-to-date decline of 29.34% and a significant one-year drop of 45.03%. The company is facing challenges, including a high debt-to-EBITDA ratio and operating losses, which contribute to its 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.
Broader market context indicates that while Bajaj Hindusthan has outperformed the sector recently, it has underperformed the broader market over the last year, with the BSE500 index showing a decline of only 2.63%. The stock's recent rise may be attributed to short-term trading dynamics, but the overall negative sentiment surrounding its financial performance and high promoter pledged shares suggest that the stock is under pressure. The falling investor participation, as evidenced by a 33.18% drop in delivery volume, further complicates the outlook, indicating a lack of confidence among investors despite the recent uptick in price.