Why is Nagarjuna Fert. falling/rising?

As of 02-Sep, Nagarjuna Fertilizers & Chemicals Ltd is currently priced at 5.22, reflecting a decrease of 0.04 or 0.76%. The stock has shown significant underperformance, with a 1-week return of -5.78% and a 1-month return of -12.42%. Today's performance indicates that it has underperformed its sector by 1.57%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 21.48% compared to the 5-day average. The company is facing serious financial challenges, including a negative book value, a high debt-to-EBITDA ratio of 6.80 times, and reported losses, which have contributed to its weak long-term fundamental strength.
In the broader market context, the stock's performance has been consistently poor compared to the benchmark, with a year-to-date return of -44.35% against a positive return of 2.58% for the Sensex. Over the past three years, Nagarjuna Fertilizers has underperformed the BSE500 in each annual period, highlighting its ongoing struggles. The presence of pledged promoter shares, which account for 37.41%, adds further pressure on the stock in a declining market. Overall, the combination of weak financials, declining investor interest, and consistent underperformance against benchmarks has led to the stock's downward movement.