Why is Bajaj Hindusthan falling/rising?

As of 18-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 22.06, reflecting an increase of 0.6 or 2.8%. The stock has shown a positive trend recently, gaining 3.28% over the last two days and outperforming its sector by 2.21%. In the past week, it has risen by 6.01%, while its one-month return stands at 3.62%. However, despite these short-term gains, the stock has faced significant challenges over the longer term, with a year-to-date decline of 27.36% and a staggering 43.20% drop over the past year. The company's financial health is concerning, as it has reported substantial operating losses and a high debt-to-EBITDA ratio, which negatively impacts its ability to service debt. Additionally, 100% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
Broader market context indicates that while Bajaj Hindusthan has outperformed the Sensex in the short term, the stock has significantly underperformed over the past year, with a return of -43.20% compared to the Sensex's slight gain of 0.08%. The overall market has also shown resilience, with the BSE500 index generating negative returns of only -1.96% in the last year, highlighting the stock's struggles relative to the broader market. This context suggests that while there may be short-term optimism reflected in recent price movements, the underlying financial issues and long-term performance challenges continue to weigh heavily on investor sentiment.