Why is Bajaj Hindusthan falling/rising?

As of 06-Nov, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 21.31, which represents a decrease of 0.64 or 2.92%. The stock has underperformed its sector by 1.23% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.12% during this period. Over the past week, the stock has fallen by 4.48%, while it has shown a modest gain of 5.03% over the past month. However, the stock's year-to-date performance is significantly negative at -29.83%, and it has underperformed the market over the last year with a return of -39.37%. The company's financial health is concerning, with a reported operating loss and a high Debt to EBITDA ratio of 19.57 times, alongside a negative return on equity.
Broader market context indicates that while the BSE500 index has generated a return of 1.73% over the last year, Bajaj Hindusthan has significantly lagged behind, reflecting broader market challenges. The stock's liquidity appears adequate, but a notable decrease in delivery volume by 15.33% against the five-day average suggests waning investor interest. Additionally, the fact that 100% of promoter shares are pledged adds to the downward pressure on the stock price in a declining market. Overall, the combination of poor financial performance, high debt levels, and negative investor sentiment contributes to the stock's current downward trajectory.