Why is Bajaj Hindusthan falling/rising?

As of 22-Sep, Bajaj Hindusthan Sugar Ltd is currently priced at 21.60, reflecting a decline of 0.42, or 1.91%. The stock has been underperforming, having lost 2.09% over the last two days and underperformed its sector by 1.36% today. While the stock has shown some positive movement in the short term with a 1.12% increase over the past week and a 2.13% increase over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 28.88% and a staggering 44.19% drop over the past year. The company is facing operational challenges, including substantial operating losses and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, the fact that 100% of promoter shares are pledged adds downward pressure on the stock price in a falling market.
In the broader market context, while the Sensex has gained 0.46% over the past week and 1.05% over the past month, Bajaj Hindusthan's performance has been notably weaker, particularly over the last year where it has underperformed the market, which saw a decline of only 2.82%. The company's significant losses, including a 95.4% drop in profits over the past year, further exacerbate its challenges, leading to a negative return on equity. This combination of poor financial performance, high debt levels, and pledged shares has resulted in a negative sentiment surrounding the stock, contributing to its recent price decline.