Why is Sadhana Nitro falling/rising?

As of 10-Jul, Sadhana Nitro Chem Ltd's stock price is currently at Rs. 6.66, reflecting an increase of Rs. 0.31 or 4.88%. Today's price summary indicates that the stock has outperformed its sector by 6.24% and has gained after 20 consecutive days of decline. However, it has also hit a new 52-week low of Rs. 6.04. Despite this short-term gain, the stock has experienced significant underperformance over various periods, with a staggering decline of 89.22% over the past year and 91.79% over the last three years. The company's recent financial results show a growth in net profit of 58.91%, but it faces challenges such as a high debt to EBITDA ratio and a significant proportion of promoter shares being pledged, which adds downward pressure on the stock.
In the broader market context, while Sadhana Nitro has seen a short-term uptick, its long-term performance remains concerning compared to the benchmark. Over the past week, the stock has decreased by 14.29%, while the Sensex has remained relatively flat with a change of -0.06%. This stark contrast highlights the stock's ongoing struggle to recover from its historical lows, despite positive earnings growth. The company's weak long-term fundamentals and consistent underperformance against the benchmark suggest that while there may be temporary gains, the overall outlook remains challenging.