Why is Nagarjuna Fert. falling/rising?

As of 20-Aug, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 5.98, reflecting an increase of 0.04 or 0.67%. Despite this slight uptick, the stock has underperformed its sector by 1.72% today and has experienced a trend reversal after four consecutive days of decline. Over the past week, the stock has decreased by 0.33%, and its performance over the last month shows a decline of 3.55%. The company has reported negative financial metrics, including a negative book value and a high Debt to EBITDA ratio of 6.80 times, indicating weak long-term fundamental strength. Additionally, the stock has generated a return of -43.74% over the past year, significantly underperforming the market, which has only seen a decline of 1.20%.
In the broader market context, while the Sensex has gained 1.64% over the past week, Nagarjuna Fertilizers has struggled, reflecting a broader trend of underperformance. The fertilizer sector as a whole has seen a gain of 2.43%, further highlighting the company's challenges. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume by 23.87% against the five-day average suggests declining investor interest. With 37.41% of promoter shares pledged, the stock faces additional downward pressure, particularly in a falling market, which could further impact investor sentiment and stock performance.