Why is Rajshree Sugars falling/rising?

As of 10-Sep, Rajshree Sugars & Chemicals Ltd is currently priced at 41.62, reflecting an increase of 0.37 or 0.9%. The stock has shown a trend reversal by gaining after four consecutive days of decline, although it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Despite this uptick, the stock has underperformed significantly over various periods, with a year-to-date decline of 26.98% and a one-year drop of 42.58%. The company is facing substantial challenges, including operating losses, high debt levels with a debt-to-equity ratio of 3.97, and a low return on equity of 1.65%. Additionally, negative quarterly results have exacerbated concerns, with significant declines in profit before tax and net sales compared to previous quarters.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.06% over the past week and 4.21% year-to-date. The stock's delivery volume has also decreased significantly, indicating falling investor participation, which could further pressure the stock price. The high percentage of pledged promoter shares (99.86%) adds to the risk, particularly in a declining market, potentially leading to additional downward pressure on the stock. Overall, while there is a slight uptick in the stock price, the underlying fundamentals and market conditions suggest a challenging environment for Rajshree Sugars.