Why is Rajshree Sugars falling/rising?

As of 29-Jul, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at 44.66, which reflects a decrease of 0.34 or 0.76%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -6.57% over the past week. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has decreased significantly, falling by 22.31% against the five-day average, which suggests a lack of investor interest. The company's financial performance has also been poor, with a year-over-year return of -42.01% and a substantial drop in profits by 41.2%. The high level of pledged promoter shares further exacerbates the downward pressure on the stock price.
In the broader market context, Rajshree Sugars has underperformed compared to the Sensex, which has only declined by 1.03% over the past week. This stark contrast highlights the stock's weakness relative to the market. The company's high debt levels and low return on equity signal weak long-term fundamental strength, contributing to its poor performance. Despite an attractive valuation compared to peers, the overall sentiment remains negative due to flat sales results and a lack of growth, leading to a perception of the stock as a strong sell.