Why is Sadhana Nitro falling/rising?

As of 25-Jun, Sadhana Nitro Chem Ltd is experiencing a decline in its stock price, currently at Rs. 10.54, reflecting a decrease of 0.55 or 4.96%. The stock has hit a new 52-week low today and has underperformed its sector by 6.35%. Over the last 17 days, the stock has consistently fallen, resulting in a staggering 49.81% drop during this period. Additionally, the stock's performance over the past year shows a significant decline of 80.56%, while its returns over the last three years have also been negative at -89.00%. Despite a reported growth in net profit of 58.91% and attractive valuations compared to peers, the stock's long-term fundamentals are weak, with a low return on capital employed and a high debt-to-EBITDA ratio, which are contributing to investor concerns.
In the broader market context, Sadhana Nitro's short-term performance is starkly contrasted with the benchmark, as it has fallen by 22.44% over the past week while the Sensex has gained 1.61%. This consistent underperformance against the benchmark, coupled with a high percentage of pledged promoter shares, adds downward pressure on the stock price. The liquidity of the stock is also a concern, with a significant drop in delivery volume indicating reduced investor participation. Overall, the combination of weak long-term growth prospects, high debt levels, and recent poor performance relative to the market are driving the stock's decline.