Why is Sadhana Nitro falling/rising?

As of 21-Jul, Sadhana Nitro Chem Ltd's stock price is currently at 7.55, reflecting an increase of 0.14 or 1.89%. Today's price summary indicates that the stock has outperformed its sector by 2.26% and has experienced a trend reversal, gaining after two consecutive days of decline. However, the stock's performance over the past month shows a significant drop of 38.52%, and it has underperformed the benchmark Sensex, which has only decreased by 0.25%. Despite a notable growth in net profit of 58.91% and a very attractive valuation indicated by a PEG ratio of 0.4, the stock has generated a staggering return of -88.04% over the past year, highlighting its struggles in the market. Additionally, the company faces challenges with a high debt to EBITDA ratio of 5.35 times and a significant proportion of pledged promoter shares, which could exert downward pressure on the stock.
In the broader market context, Sadhana Nitro's short-term return of +3.00% over the past week contrasts sharply with the Sensex's slight decline of -0.06%, indicating a temporary positive sentiment towards the stock. However, the long-term outlook remains concerning, as the stock has consistently underperformed against the benchmark over the last three years, with a staggering -90.97% return compared to the Sensex's +47.62%. This persistent underperformance, combined with weak long-term fundamental strength and declining investor participation, suggests that while there may be short-term gains, the overall trajectory for Sadhana Nitro remains precarious.