Why is Nagarjuna Fert. falling/rising?

As of 16-Jul, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 6.15, reflecting a decrease of 0.09 or 1.44%. The stock has recently underperformed its sector by 1.55% and has experienced a trend reversal, falling after two consecutive days of gains. Despite a positive return of 4.59% over the past week and month, the stock has significantly underperformed over the year, with a decline of 47.88%. The company faces challenges such as a negative book value, a high debt to EBITDA ratio of 6.80 times, and reported losses, which contribute to its weak long-term fundamental strength. Additionally, 37.41% of promoter shares are pledged, which can exert further downward pressure on the stock price in a declining market.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed the BSE500 over the last three years. While the Sensex has gained 1.02% over the past month, Nagarjuna Fertilizers has remained stagnant, indicating a lack of investor confidence. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 39.9% against the five-day average suggests declining investor participation, further exacerbating its challenges in a competitive market environment.