Why is Nagarjuna Fert. falling/rising?

As of 24-Sep, Nagarjuna Fertilizers & Chemicals Ltd is experiencing a decline in its stock price, currently at 5.29, which represents a decrease of 0.13 or 2.4%. The stock has underperformed its sector today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 2.58%, and it has shown significant underperformance over the last month and year, with returns of -9.42% and -51.60%, respectively. The company is facing challenges such as a negative book value, a high debt-to-EBITDA ratio of 6.80, and reported losses, which contribute to its weak long-term fundamental strength. Additionally, 37.41% of promoter shares are pledged, adding downward pressure on the stock price in a declining market.
In the broader market context, the Sensex has shown a slight decline of 1.18% over the past week, indicating that while Nagarjuna Fertilizers is underperforming, the overall market is also experiencing some downward movement. However, the company's performance is notably worse than the benchmark, particularly over the last three years, where it has consistently underperformed the BSE500. The stock's liquidity is adequate for trading, but the falling investor participation, as evidenced by a 5.04% drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's decline.