Why is Sagar Cements falling/rising?

As of 26-Jun, Sagar Cements Ltd is experiencing a decline in its stock price, currently at Rs 236.90, which reflects a decrease of Rs 5.85 or 2.41%. Today's performance indicates that the stock has underperformed its sector by 4.06%, following a trend reversal after four consecutive days of gains. The stock reached an intraday low of Rs 229.4, and trading volume has decreased, with delivery volume falling by 5.07% against the five-day average. Over the past week, Sagar Cements has shown a positive return of 9.68%, but it has underperformed over the past month with a decline of 2.91%. The company faces significant challenges, including a weak long-term fundamental strength characterized by a -196.59% CAGR growth in operating profits over the last five years, a high debt-to-EBITDA ratio of 5.68 times, and a low return on equity of 4.32%. Additionally, the company reported a negative PAT of Rs -43.60 crore, which is a 38.7% decline compared to the previous four-quarter average, further contributing to investor concerns.
Broader market context shows that while Sagar Cements has had a year-to-date return of 6.66%, it lags behind the Sensex, which has returned 7.19% in the same period. The stock's performance over the last year has been negative at -5.37%, contrasting with the Sensex's positive return of 6.46%. The high percentage of pledged promoter shares, which stands at 80.8%, adds to the downward pressure on the stock, especially in a declining market. This combination of weak financial performance, declining investor participation, and high leverage creates a challenging environment for Sagar Cements, leading to its current price decline.