Why is Nagarjuna Fert. falling/rising?

As of 01-Aug, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a slight decline in its stock price, currently at 5.96, which reflects a decrease of 0.01 or 0.17%. The stock has been underperforming recently, having fallen for the last two days with a total return of -1.16%. Although it outperformed its sector by 1.97% today, it has shown a significant decline of -49.96% over the past year. The company is facing challenges such as 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 contrasts with the benchmark, as it has declined by 1.97% over the past week, while the Sensex has decreased by only 1.06%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation—evidenced by a 55.53% decrease in delivery volume—highlights the stock's ongoing struggles. The fertilizer sector itself has also faced a downturn, falling by 2.3%, which adds to the negative sentiment surrounding Nagarjuna Fertilizers. Overall, the combination of weak fundamentals, high debt levels, and sector-wide challenges contributes to the stock's current downward trajectory.