Why is Sadhana Nitro falling/rising?

As of 23-Jul, Sadhana Nitro Chem Ltd's stock price is currently at 7.80, reflecting an increase of 0.1, or 1.3%. The stock has been gaining for the last three days, with a total return of 5.26% during this period, outperforming its sector by 1.61%. However, the stock has experienced significant declines over the longer term, with a year-to-date drop of 80.66% and a one-year return of -88.07%. Despite a very positive net profit growth of 58.91% reported in March, the company faces challenges such as a high debt to EBITDA ratio and a significant proportion of pledged promoter shares, which may contribute to investor caution.
In the broader market context, Sadhana Nitro's short-term performance of +1.69% over the past week contrasts sharply with the Sensex's modest gain of +0.11%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The stock's liquidity is adequate for trading, but the falling investor participation, indicated by an 85.33% drop in delivery volume, suggests a lack of confidence among investors. Overall, while there are some positive indicators in the company's recent performance, the long-term fundamentals and market conditions present significant headwinds.