Why is Nagarjuna Fert. falling/rising?

As of 25-Jul, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a decline in its stock price, currently at 6.08, which reflects a decrease of 0.09 or 1.46%. The stock has been losing value for the past three days, resulting in a total drop of 5.15% during this period. Despite being higher than the 20-day, 50-day, and 100-day moving averages, it remains lower than the 5-day and 200-day moving averages. The stock has shown a significant underperformance, with a year-to-date return of -35.18% and a one-year return of -48.65%. The company is facing serious challenges, including a negative book value, a high debt-to-EBITDA ratio of 6.80 times, and a negative net worth, which raises concerns about its long-term viability. 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 short-term performance has been notably worse than the benchmark, with a one-week return of -1.94% compared to the Sensex's -0.36%. This consistent underperformance against the benchmark over the last three years highlights the company's struggles, as it has failed to generate positive returns while the broader market has seen gains. The falling investor participation, indicated by a 21.36% drop in delivery volume, further suggests a lack of confidence among investors. Overall, the combination of poor financial fundamentals, high debt levels, and negative market sentiment contributes to the stock's declining trajectory.