Why is Nagarjuna Fert. falling/rising?

As of 29-Aug, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 5.25, reflecting a decrease of 0.02, or 0.38%. The stock has been on a downward trend, having lost 12.21% over the last six days, and it is trading below all its moving averages. In the past week, the stock has underperformed its sector by 0.62%. Over the last year, it has generated a return of -48.63%, significantly underperforming the benchmark, which has only declined by 2.83%. The company is facing serious financial challenges, including a negative book value and a high debt-to-EBITDA ratio of 6.80 times, indicating a weak ability to service its debt. Additionally, the company has reported substantial losses, with a negative net worth, which raises concerns for investors about its long-term viability.
In the broader market context, Nagarjuna Fertilizers has consistently underperformed against the benchmark over the last three years, with a staggering decline of 44.03% year-to-date compared to a 2.14% increase in the benchmark. The stock's performance has been particularly poor, as evidenced by the negative EBITDA and the fact that 37.41% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Despite a recent increase in investor participation, as indicated by a 147.66% rise in delivery volume, the overall sentiment remains negative due to the company's financial instability and ongoing losses.