Why is Nagarjuna Fert. falling/rising?

As of 28-Aug, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a decline in its stock price, currently at 5.27, reflecting a decrease of 0.27 or 4.87%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total return of -11.87%. Additionally, it is trading below its moving averages across various time frames, indicating a bearish trend. The company has reported negative financials, including a loss of Rs -6.26 crore and a negative net worth, which raises concerns about its long-term viability. The high debt-to-EBITDA ratio of 6.80 times further complicates its financial health, making it a risky investment. Furthermore, 37.41% of promoter shares are pledged, which can exert additional downward pressure on the stock in a declining market.
In the broader market context, Nagarjuna Fertilizers has underperformed against the benchmark, with a one-week return of -10.68% compared to the Sensex's -2.34%. This consistent underperformance is evident over the past year, where the stock has generated a return of -49.71%, contrasting sharply with the Sensex's modest decline of -2.08%. The fertilizer sector itself has also seen a downturn, falling by -2.85%, which may contribute to the stock's struggles. Despite a slight increase in investor participation, the overall sentiment remains negative, reflecting a challenging environment for Nagarjuna Fertilizers amidst broader market conditions.