Why is Bajaj Hindusthan falling/rising?

As of 23-Sep, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 21.26, reflecting a decrease of 0.34 or 1.57%. The stock has underperformed its sector by 0.44% today and has been on a downward trend for the last three days, accumulating a total loss of 3.63% during this period. Additionally, the stock has shown a significant decline over the past year, with returns of -45.67%, while its profits have plummeted by 95.4%. The company is facing operational challenges, including high debt levels and reported losses, which contribute to its weak long-term fundamental strength. Furthermore, the fact that 100% of promoter shares are pledged adds pressure on the stock price, particularly in a falling market.
In the broader market context, the stock's short-term performance has been slightly worse than the benchmark, with a 1-week return of -0.47% compared to the Sensex's -0.34%. While the stock has shown some resilience over a longer time frame, with a 3-year return of +94.33%, its year-to-date performance is starkly negative at -30.00%, contrasting sharply with the Sensex's positive return of 5.07%. This underperformance, coupled with declining investor participation and liquidity issues, indicates a challenging environment for Bajaj Hindusthan, further exacerbating its stock price decline.