Why is Gayatri Sugars falling/rising?

As of 23-Jun, Gayatri Sugars Ltd is experiencing a decline in its stock price, currently at 11.88, which reflects a decrease of 0.18 or 1.49%. The stock has underperformed its sector by 1.19% today and has been on a consecutive downward trend for the last four days, resulting in a total return drop of 12.13% during this period. Over the past week, the stock has fallen by 11.93%, while it has shown a significant increase of 46.49% over the past month. However, the stock's long-term performance remains concerning, with a staggering decline of 51.63% over the past year. Despite positive quarterly results, including a notable growth in net sales and profits, the company faces challenges such as a negative book value, high debt levels, and a significant percentage of promoter shares being pledged, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE 500, which has generated a return of 2.78% over the past year. While the stock has shown some positive momentum in the short term, its overall trajectory remains negative, particularly when considering its substantial losses over the past year and the high levels of pledged shares that add pressure in a declining market. The combination of these factors indicates a challenging environment for Gayatri Sugars Ltd, leading to its current price decline.