Why is Sadhana Nitro falling/rising?

As of 24-Jul, Sadhana Nitro Chem Ltd's stock price is currently at 7.65, reflecting a decrease of 0.15, or 1.92%. The stock has recently underperformed its sector by 1.77% and has experienced a trend reversal, falling after three consecutive days of gains. Over the past week, the stock has shown a modest increase of 2.00%, but it has significantly underperformed over longer periods, with a staggering decline of 88.43% in the last year. Despite a growth in net profit of 58.91% and attractive valuation metrics, such as a PEG ratio of 0.5, the stock's long-term fundamentals are weak, with a low average return on capital employed and a high debt to EBITDA ratio. Additionally, the increase in pledged promoter shares adds downward pressure on the stock price.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has shown a slight gain of 0.16% over the past month, Sadhana Nitro's stock has plummeted by 31.02% in the same timeframe. This persistent underperformance, coupled with the company's weak long-term growth prospects and high debt levels, contributes to a negative sentiment surrounding the stock, leading to its current decline.