Why is Sagar Cements falling/rising?

As of 02-Jul, Sagar Cements Ltd is experiencing a price increase, currently at Rs 247.70, reflecting a change of 2.85 (1.16%) upward. The stock has shown a positive performance today, gaining 3.81% over the last two days and opening with a gain of 2.08%. It reached an intraday high of Rs 249.95, while trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, the stock faces challenges due to weak long-term fundamentals, including a significant decline in operating profits and a high debt-to-EBITDA ratio, which raises concerns about its ability to service debt. Additionally, the company has reported negative operating profits and a low return on equity, which may deter long-term investors.
In the broader market context, Sagar Cements has outperformed the benchmark Sensex in the short term, with a 1-week return of +2.04% compared to the Sensex's +0.79%. Despite this positive short-term performance, the stock's long-term outlook remains concerning, as it has generated a negative return of -3.75% over the past year, while the Sensex has increased by 5.00%. The high percentage of pledged promoter shares could also exert downward pressure on the stock in a declining market, adding to the overall risk associated with investing in Sagar Cements.