Why is Sadhana Nitro falling/rising?

As of 23-Jun, Sadhana Nitro Chem Ltd's stock price is currently at Rs. 11.67, reflecting a decrease of -0.61 or -4.97%. The stock has hit a new 52-week low today and has been on a consecutive decline for the last 15 days, resulting in a significant drop of -44.43% during this period. Additionally, the stock has underperformed its sector by -5.14%. Over the past year, Sadhana Nitro has generated a return of -79.40%, which is starkly contrasted by its reported growth in net profit of 58.91%. However, the company faces challenges such as a weak long-term fundamental strength, a high debt to EBITDA ratio, and a significant portion of promoter shares being pledged, which collectively exert downward pressure on the stock price.
In the broader market context, Sadhana Nitro's performance has been notably poor compared to the benchmark, as it has underperformed the Sensex by -22.46% over the past week and -41.82% over the past month, while the Sensex has shown slight positive movements. The stock's long-term underperformance is evident, with a return of -87.21% over the last three years, while the Sensex has gained 56.69% in the same period. This consistent underperformance against the benchmark, coupled with the company's financial struggles, contributes to a negative sentiment among investors, further driving the stock price down.