Why is Rajshree Sugars falling/rising?

As of 04-Sep, Rajshree Sugars & Chemicals Ltd's stock price is currently at 44.78, reflecting a decrease of 1.25, or 2.72%. Today, the stock opened with a gain of 3.13% but has since fallen, marking a trend reversal after three consecutive days of gains. The stock reached an intraday high of Rs 47.47 before dropping to a low of Rs 44.24, indicating significant volatility. Over the past week, the stock has performed well with an 18.72% increase, although it has underperformed the sector by 1.22% today. The company is facing challenges, including operating losses and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Negative financial results, including a substantial decline in profit before tax and net sales, further exacerbate the stock's downward pressure.
Broader market context shows that while Rajshree Sugars has outperformed the Sensex in the short term, its year-to-date performance is significantly poorer, with a decline of 21.44% compared to the Sensex's increase of 3.30%. The stock's long-term performance is also concerning, having generated a return of -39.71% over the past year, which is notably worse than the benchmark's decline of 1.98%. The high percentage of pledged promoter shares adds to the risk, particularly in a falling market, which could further impact investor confidence and contribute to the stock's decline.