Why is Sakthi Sugars falling/rising?

As of 09-Jul, Sakthi Sugars Ltd is experiencing a decline in its stock price, currently at 25.75, which reflects a decrease of 0.69 or 2.61%. The stock has underperformed its sector by 2.27% today and has fallen after two consecutive days of gains. Although the stock has a higher price compared to its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below its 200-day moving average. Over the past week, the stock has shown a slight increase of 0.23%, but it has declined by 2.79% over the past month and has a year-to-date drop of 16.67%. Positive factors include significant growth in net sales and profits, with a very attractive valuation compared to peers. However, the company also faces challenges such as high debt levels, a low return on equity, and a high percentage of pledged promoter shares, which contribute to its negative performance.
In the broader market context, the stock's performance has lagged behind the benchmark, with the Sensex showing a modest gain of 0.15% over the past week, while Sakthi Sugars has only managed a slight increase. Over the last year, the stock has significantly underperformed the market, generating a return of -36.17% compared to the BSE500's positive return of 1.43%. This underperformance, coupled with the company's high debt and weak long-term fundamentals, has likely contributed to the downward pressure on the stock price, particularly in a falling market environment.