Why is Rajshree Sugars falling/rising?

As of 31-Jul, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at 44.38, reflecting a decrease of 0.78 or 1.73%. The stock has underperformed its sector by 1.06% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown significant underperformance over various periods, with a 1-week return of -4.97% and a 1-month return of -9.43%. The company's financial health is concerning, as it has a high debt-to-equity ratio of 4.47 times and has reported a substantial drop in profits, with a return on equity of only 1.04%. Furthermore, 99.86% of promoter shares are pledged, which adds downward pressure on the stock in a declining market.
In the broader market context, Rajshree Sugars' recent performance contrasts sharply with the Sensex, which has only declined by 1.22% over the past week. This disparity highlights the stock's significant weakness relative to the overall market. The company's long-term growth prospects appear bleak, with net sales growth of -20.76% in the latest six months and a staggering annual return of -45.33% over the past year. The combination of high debt, poor profitability, and a lack of investor confidence, as evidenced by falling delivery volumes, suggests that the stock is facing considerable challenges that are contributing to its current downward trajectory.