Why is Nagarjuna Fert. falling/rising?

As of 04-Aug, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 5.98, reflecting a slight increase of 0.01 or 0.17%. The stock has shown a positive performance today, outperforming its sector by 0.37%. However, the stock's recent returns indicate a mixed picture; it has gained 1.18% over the past week and 6.60% over the past month, contrasting sharply with its year-to-date decline of 36.25% and a significant 48.93% drop over the past year. The stock is trading above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 57.72% against the 5-day average, which raises concerns about liquidity and investor confidence. The company is facing significant challenges, including a negative book value, a high debt-to-EBITDA ratio of 6.80 times, and a history of losses, which contribute to its classification as a strong sell.
In the broader market context, Nagarjuna Fertilizers has outperformed the Sensex over the past week and month, but its long-term performance remains concerning, with consistent underperformance against the benchmark over the last three years. While the stock has shown some short-term gains, the overall negative sentiment surrounding its financial health, including a negative EBITDA and a high percentage of pledged promoter shares, suggests that the stock may continue to face downward pressure. The stark contrast between its recent short-term performance and its long-term returns highlights the volatility and risks associated with investing in this stock.