Why is Nagarjuna Fert. falling/rising?

As of 25-Jun, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a decline in its stock price, currently at 5.30, reflecting a decrease of 0.01 or 0.19%. The stock has underperformed its sector today by 1.11% and has been on a downward trend for the past seven days, accumulating a total loss of 9.86% during this period. Over the last year, the stock has generated a staggering return of -58.95%, indicating significant underperformance compared to the benchmark, which has risen by 6.02%. The company's financial health is concerning, with a negative book value and a high debt-to-EBITDA ratio of 6.80 times, suggesting a weak ability to service its debt. Additionally, the stock is trading at risky levels compared to its historical valuations, and the proportion of pledged promoter shares has increased, further adding downward pressure on the stock price.
In the broader market context, while the Sensex has shown a positive return of 1.61% over the past week, Nagarjuna Fertilizers has seen a decline of 7.18% in the same timeframe. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles in a rising market. The company's recent negative results, including a significant loss in profit after tax and a high debt-equity ratio, contribute to investor skepticism. The combination of these factors, including the company's inability to generate positive returns and the increasing risk associated with its financial position, has led to the ongoing decline in its stock price.