Why is Nagarjuna Fert. falling/rising?

As of 24-Jul, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a decline in its stock price, currently at 6.17, which reflects a decrease of 0.08 or 1.28%. The stock has underperformed its sector by 3.66% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 3.74% during this period. Over the past week, the stock has decreased by 1.12%, while it has shown a significant drop of 48.15% over the past year. The company is facing challenges, including a negative book value and a high debt-to-EBITDA ratio of 6.80 times, which indicates a 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 falling market.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the fertilizer sector has gained by 2.31%, Nagarjuna Fertilizers has struggled, with a year-to-date return of -34.22% compared to the benchmark's positive return of 5.18%. The stock's recent negative results, including a significant loss of Rs -28.33 crore in PAT and a negative EBITDA, contribute to its risky trading status, further exacerbating investor concerns. Despite a rise in delivery volume, the overall sentiment remains negative, reflecting the company's ongoing financial difficulties and the market's cautious outlook.