Why is Nagarjuna Fert. falling/rising?

As of 14-Jul, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a price increase, with the current price at 6.13, reflecting a change of 0.17 or 2.85% upward. The stock has outperformed its sector by 2.21% today, and its performance over the past week shows a gain of 4.07%, while it has risen 6.24% over the past month. However, despite this recent uptick, the company faces significant challenges, including a negative book value and a high debt-to-EBITDA ratio of 6.80 times, indicating a weak long-term fundamental strength. The company has reported losses, with a negative net worth, and a concerning 37.41% of promoter shares are pledged, which could exert downward pressure on the stock in a falling market.
Broader market context indicates that while Nagarjuna Fertilizers has shown positive short-term returns, it has consistently underperformed against the benchmark, with a one-year return of -48.66% compared to a 2.15% gain in the Sensex. The stock's performance over the last three years has also been disappointing, with negative returns of -30.10%, contrasting sharply with the benchmark's 53.99% gain. This consistent underperformance, combined with falling investor participation and a significant drop in delivery volume, suggests that while there may be short-term gains, the overall outlook remains precarious, reflecting broader market challenges and investor sentiment.