Why is Nagarjuna Fert. falling/rising?

As of 14-Aug, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 6.00, with no change in price (0.00%). The stock has shown a performance today that underperformed its sector by -0.65%. In the past week, it has increased by 3.45%, while over the last month, it has decreased by 2.12%. The stock is trading higher than its 5-day, 50-day, and 100-day moving averages, but lower than its 20-day and 200-day moving averages. Despite a recent rise in investor participation, indicated by a 44.12% increase in delivery volume, the company faces significant challenges, including a negative book value, high debt-to-EBITDA ratio, and reported losses, which contribute to its 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 declining market.
In the broader market context, Nagarjuna Fertilizers has underperformed the market significantly over the past year, with a return of -40.59% compared to the BSE500's negative return of -0.57%. This stark contrast highlights the stock's struggles relative to the benchmark. While the stock has seen a slight uptick in the short term, the overall trend remains negative, compounded by the company's financial difficulties and the high percentage of pledged shares, which could deter potential investors and contribute to continued price declines.