Why is Nagarjuna Fert. falling/rising?

As of 24-Jun, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a decline in its stock price, currently at 5.31, which reflects a decrease of 0.08 or 1.48%. The stock has been underperforming significantly, having lost 9.69% over the past six days. Today's performance indicates that it has underperformed its sector by 2.61%. Additionally, the stock has shown a negative trend over the past year, with a staggering decline of 59.15%, and has consistently underperformed against the benchmark BSE 500 over the last three years. The company is facing serious financial challenges, including a negative book value, high debt-to-EBITDA ratio, and reported losses, which contribute to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight gain of 0.58% over the past week, Nagarjuna Fertilizers has declined by 8.76% in the same period, highlighting its significant underperformance relative to the market. The stock's liquidity is also a concern, with a notable drop in delivery volume, indicating falling investor participation. Furthermore, the high proportion of pledged promoter shares adds to the downward pressure on the stock price, particularly in a declining market. Overall, these factors suggest that Nagarjuna Fertilizers is facing considerable headwinds that are contributing to its ongoing price decline.