Why is Rajshree Sugars falling/rising?

As of 23-Sep, Rajshree Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at 40.80, reflecting a decrease of -0.51 or -1.23%. The stock has been losing value for the last two days, resulting in a total drop of -2.9% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's performance has been poor, with a year-to-date return of -28.42% and a staggering -45.23% over the past year. Contributing to this decline are significant operating losses, a high debt-to-equity ratio of 3.97, and a low return on equity of 1.65%. Furthermore, negative financial results reported for the last quarter, including a substantial drop in profit before tax and net sales, have exacerbated investor concerns.
In the broader market context, Rajshree Sugars' short-term performance has underperformed compared to the benchmark Sensex, which has only declined by -0.34% over the past week while the stock itself has fallen by -0.90%. This underperformance is compounded by a notable decrease in investor participation, with delivery volume dropping by -36.09% against the 5-day average. The stock's liquidity remains adequate for trading, but the high percentage of pledged promoter shares (99.86%) adds to the downward pressure in a falling market. Overall, the combination of weak fundamentals, poor recent performance, and negative market sentiment has led to the stock's current decline.