Why is Sadhana Nitro falling/rising?

As of 09-Jul, Sadhana Nitro Chem Ltd's stock price is currently at Rs. 6.35, reflecting a decline of -0.33 or -4.94%. The stock has hit a new 52-week low today and has been on a downward trend for the past 21 days, resulting in a significant drop of -65.6% during this period. Additionally, the stock has underperformed its sector by -4.92%. Over the past year, Sadhana Nitro has generated a staggering return of -89.62%, while its performance against the benchmark indices has consistently been poor, with returns of -22.28% over the last week and -67.32% over the last month. Despite a reported growth in net profit of 58.91% and a very attractive valuation, the stock's fundamentals are weak, with a low return on capital employed and a high debt to EBITDA ratio, which negatively impacts investor confidence.
In the broader market context, the Sensex has shown a slight increase of +0.15% over the past week and +1.32% over the past month, indicating that the overall market is performing better than Sadhana Nitro. The stock's consistent underperformance against the benchmark over the last three years, combined with a high percentage of pledged promoter shares, adds to the downward pressure on its price. The significant drop in delivery volume, which has decreased by -95.2% against the 5-day average, further highlights a lack of investor interest and participation, contributing to the stock's decline in value.