Why is Rajshree Sugars falling/rising?

As of 09-Sep, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at 41.25, reflecting a decrease of 0.81 or 1.93%. The stock has underperformed its sector by 0.77% today and has been on a consecutive decline for the last four days, resulting in a total drop of 10.38% during this period. Additionally, the stock's performance over the past week shows a significant decline of 9.06%, while it has fallen 27.63% year-to-date and 42.91% over the past year. The company's financial health is concerning, with operating losses and a high debt-to-equity ratio of 3.97 times, which contributes to its weak long-term fundamental strength. The recent negative results, including a substantial drop in profit before tax and net sales, further exacerbate the stock's downward trajectory.
In the broader market context, the stock's short-term performance is notably worse than the benchmark Sensex, which has gained 1.18% over the past week. This stark contrast highlights the stock's struggles, particularly as it has underperformed the BSE500 over various time frames, including the last three years and one year. The significant pledge of promoter shares, amounting to 99.86%, adds to the stock's risk profile, especially in a declining market, potentially putting additional downward pressure on its price. Overall, the combination of poor financial performance, high debt, and negative investor sentiment contributes to the ongoing decline in Rajshree Sugars' stock price.