Why is Bajaj Hindusthan falling/rising?

As of 29-Sep, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 19.48, which reflects a decrease of 0.54 or 2.7%. The stock has been underperforming, having lost 11.7% over the last seven days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has generated a staggering return of -54.35% over the past year, while its profits have plummeted by 95.4%. The company is facing significant challenges, including operating losses and a high debt-to-EBITDA ratio of 19.57 times, which indicates a weak long-term fundamental strength. Furthermore, 100% of promoter shares are pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, Bajaj Hindusthan has underperformed compared to the benchmark, with a one-year return of -54.35% against the BSE500's negative return of -7.50%. The stock's performance over the past week, which saw a decline of 9.81% compared to the Sensex's drop of only 2.18%, further highlights its struggles. Despite a rise in investor participation, as evidenced by a 21.91% increase in delivery volume, the overall sentiment remains negative due to the company's financial difficulties and the high level of pledged shares, which collectively contribute to the stock's downward trajectory.