Why is Sagar Cements falling/rising?

As of 24-Oct, Sagar Cements Ltd is experiencing a decline in its stock price, currently at 227.65, which reflects a decrease of 14.15 or 5.85%. The stock has underperformed its sector by 4.53% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 6.32%. The stock reached an intraday high of Rs 249.2 but fell to a low of Rs 226, indicating high volatility with a wide trading range of Rs 23.2. Over the past week, the stock has decreased by 4.97%, and in the last month, it has fallen by 15.02%, contrasting with a year-to-date gain of 2.50%. The company's weak long-term fundamentals, highlighted by a staggering -165.28% CAGR growth in operating profits over the last five years, and a high debt-to-EBITDA ratio of 5.68 times, contribute to the negative sentiment surrounding the stock. Additionally, a recent flat PAT result of Rs -42.31 crore, which is a 10.6% decline compared to the previous four-quarter average, further exacerbates concerns about profitability.
In the broader market context, while the Sensex has shown a slight increase of 0.31% over the past week, Sagar Cements' performance has been notably poor in comparison. The stock's recent struggles are compounded by the fact that 26.99% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Despite a return of 6.33% over the past year, the company's profits have plummeted by 77.4%, indicating a disconnect between stock performance and underlying financial health. The stock is currently trading at a discount compared to its peers' average historical valuations, but the overall weak fundamentals and high volatility suggest that investor confidence remains low.