Why is Rajshree Sugars falling/rising?

As of 22-Sep, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at 41.30, which reflects a decrease of 0.72 or 1.71%. The stock has underperformed its sector by 1.16% today and has fallen after three consecutive days of gains. Additionally, the stock's performance over the past week shows a decline of 2.36%, while it has seen a modest increase of 5.95% over the past month. However, the long-term outlook remains concerning, with a year-to-date decline of 27.54% and a staggering 42.78% drop over the past year. The company is facing significant challenges, including operating losses, a high debt-to-equity ratio of 3.97, and poor profitability, as evidenced by a return on equity of just 1.65%. Furthermore, negative financial results reported for the last quarter, including a substantial fall in profit before tax and net sales, contribute to the stock's downward pressure.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.46% over the past week and 1.05% over the past month. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 69.15% against the five-day average, indicating a lack of confidence among investors. The high percentage of pledged promoter shares, at 99.86%, adds further risk, particularly in a declining market, as it can exacerbate downward price movements. Overall, the combination of weak fundamentals, poor recent financial performance, and unfavorable market conditions are contributing to the stock's decline.