Why is Sakthi Sugars falling/rising?

As of 13-Jun, Sakthi Sugars Ltd's stock price is currently at 26.35, reflecting a decline of -0.91, or -3.34%. The stock has underperformed its sector by 2.32% today and has experienced a consecutive fall over the last two days, resulting in a total drop of -6.19%. Although the stock has shown a positive return of +9.15% over the past month, it has significantly underperformed over the year with a return of -33.49%. The company's recent financial performance indicates a growth in net sales and profits; however, it is burdened by high debt levels and a significant percentage of promoter shares being pledged, which contributes to negative sentiment and downward pressure on the stock price.
In the broader market context, the Sensex has declined by -1.30% over the past week, while Sakthi Sugars has only slightly outperformed this benchmark with a loss of -0.45%. Despite the stock's positive growth in net sales and profitability, its long-term fundamentals remain weak, with a high debt-to-equity ratio and low return on equity. This combination of factors has led to a lack of investor confidence, as evidenced by falling delivery volumes and the stock's inability to keep pace with market performance over the last year.