Why is Rajshree Sugars falling/rising?

As of 24-Sep, Rajshree Sugars & Chemicals Ltd is currently priced at 40.94, reflecting a slight increase of 0.14 or 0.34%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.95% today. However, it is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 0.82%, while it has performed better over the last month with a gain of 5.03%. Despite this short-term uptick, the company faces significant challenges, including operating losses, high debt levels, and a low return on equity, which contribute to a weak long-term fundamental strength. The recent negative financial results, including substantial declines in profit before tax and net sales, further exacerbate concerns about the stock's viability.
Broader market context shows that while Rajshree Sugars has outperformed its sector recently, it has underperformed against the benchmark Sensex over longer periods, including a year-to-date return of -28.18% compared to the Sensex's 4.58% gain. The stock's performance over the last year has been particularly poor, with a decline of 44.96%, indicating a significant divergence from broader market trends. Additionally, the high percentage of pledged promoter shares adds to the stock's risk profile, particularly in a falling market, which may further pressure its price. Overall, while there is a minor uptick in the stock price, the underlying fundamentals and market conditions suggest a challenging environment for Rajshree Sugars.