Why is Bajaj Hindusthan falling/rising?

As of 19-Sep, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 21.90, which represents a decrease of 0.16 or 0.73%. The stock has underperformed its sector by 0.6% today and has seen a trend reversal after five consecutive days of gains. Despite a 4.73% increase over the past week, the stock has significantly underperformed over the year, with a return of -41.91%. The company's financials reveal a concerning situation, with a reported operating loss and a high Debt to EBITDA ratio of 19.57 times, indicating a 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 among investors.
In the broader market context, while the Sensex has shown a modest gain of 0.88% over the past week, Bajaj Hindusthan's performance has lagged behind, highlighting its struggles in a generally stable market. The stock's year-to-date performance is particularly alarming, with a decline of 27.89%, contrasting sharply with the Sensex's gain of 5.74%. The high percentage of pledged promoter shares adds further downward pressure, especially in a falling market, contributing to the stock's negative sentiment among investors. Overall, the combination of poor financial performance, high debt levels, and underperformance relative to the market has led to the current decline in Bajaj Hindusthan's stock price.