Why is Nagarjuna Fert. falling/rising?

As of 30-Jul, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 6.03, reflecting a slight increase of 0.01 or 0.17%. The stock has shown a positive trend recently, gaining 2.03% over the last two days, although it has underperformed its sector by 2.64%. In terms of longer-term performance, the stock has experienced significant declines, with a year-to-date drop of 35.71% and a staggering 49.41% decrease over the past year. The company faces challenges such as a negative book value, a high debt-to-EBITDA ratio of 6.80, and a history of losses, which contribute to its weak long-term fundamental strength and make it a risky investment. Additionally, 37.41% of promoter shares are pledged, which can exert further downward pressure on the stock in a declining market.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex by 3.52% over the past week and 49.41% over the last year. While the fertilizer sector has gained by 2.53%, Nagarjuna Fertilizers has struggled to keep pace, indicating a lack of investor confidence. The falling delivery volume, which decreased by 23.05% against the five-day average, suggests diminishing investor participation, further complicating the stock's recovery. Overall, the combination of negative financial indicators and underperformance against the benchmark reflects a challenging environment for Nagarjuna Fertilizers & Chemicals Ltd.