Why is Bajaj Hindusthan falling/rising?

As of 24-Sep, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 20.83, which reflects a decrease of 0.43 or 2.02%. The stock has underperformed its sector by 0.41% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 5.58% during this period. The stock is trading below all its moving averages, indicating a bearish trend. Over the past year, it has generated a return of -48.66%, significantly underperforming the broader market, which saw a decline of only 3.77%. The company's financial health is concerning, with a reported operating loss and a high Debt to EBITDA ratio, which further exacerbates its weak long-term fundamental strength.
Broader Market Context: In the context of the broader market, Bajaj Hindusthan's short-term performance has been notably worse than the benchmark, as it has fallen by 2.94% over the past week compared to the Sensex's decline of 1.18%. This stark contrast highlights the stock's struggles relative to the overall market environment. The company's significant losses, including a 95.4% drop in profits over the past year, coupled with the fact that 100% of promoter shares are pledged, adds to the downward pressure on the stock price, especially in a falling market.