Why is Bajaj Hindusthan falling/rising?

As of 29-Oct, Bajaj Hindusthan Sugar Ltd is experiencing a price increase, currently at 22.65, which reflects a change of 0.67 or 3.05% upward. The stock has shown a positive trend today, outperforming its sector by 1.78% and reversing a three-day consecutive decline. Over the past week, the stock has gained 2.40%, and in the last month, it has risen by 16.27%. However, despite this recent uptick, the stock has significantly underperformed over the past year, with a decline of 32.39% compared to the market's 5.76% gain. The company’s financials reveal a concerning picture, with a high Debt to EBITDA ratio and substantial operating losses, which contribute to its weak long-term fundamental strength. Furthermore, the stock is trading at a discount compared to its peers, but the negative return on equity and the fact that 100% of promoter shares are pledged add to the downward pressure on the stock.
In the broader market context, while Bajaj Hindusthan has shown some short-term gains, the overall market, represented by the Sensex, has performed better with a 0.68% increase over the past week. The stock's recent performance is juxtaposed against a backdrop of falling investor participation, as evidenced by a significant drop in delivery volume. Despite its attractive valuation metrics, the company's operational challenges and high debt levels create a cautious outlook. The stock's ability to recover in the long term remains uncertain, especially given its substantial underperformance relative to the broader market over the past year.