Why is Sagar Cements falling/rising?

As of 11-Nov, Sagar Cements Ltd is experiencing a decline in its stock price, currently at 215.10, reflecting a decrease of 3.1 points or 1.42%. The stock has underperformed its sector by 1.7% today and has been on a consecutive downward trend for the last two days, with a total decline of 3.89%. Over the past week, the stock has fallen by 5.72%, and its performance over the last month shows a significant drop of 13.80%. Despite a very attractive valuation indicated by a low ROCE of 0.1 and a favorable enterprise value to capital employed ratio, the stock's profitability has been severely impacted, with profits falling by 77.4% over the past year. Additionally, the company has a high debt to EBITDA ratio of 8.35 times, indicating low ability to service debt, which contributes to the negative sentiment surrounding the stock.
In the broader market context, Sagar Cements' recent performance contrasts sharply with the benchmark Sensex, which has gained 0.49% over the past week. The stock's long-term fundamentals are weak, evidenced by a -35.20% CAGR growth in operating profits over the last five years and a low return on equity of 2.73%. Furthermore, the company's high debt-equity ratio of 3.85 times and the fact that 26.99% of promoter shares are pledged add to the downward pressure on the stock price, especially in a falling market. Overall, the combination of poor financial performance, high leverage, and underperformance relative to the benchmark suggests a challenging environment for Sagar Cements, leading to its current decline.