Why is Sakthi Sugars falling/rising?

As of 12-Aug, Sakthi Sugars Ltd is experiencing a decline in its stock price, currently at 23.02, which reflects a decrease of 0.18 or 0.78%. The stock has underperformed its sector by 0.32% today and has fallen after two consecutive days of gains. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 1.16%, and its performance over the last month shows a significant decline of 10.25%. Despite a notable growth in net sales and profits, the company faces challenges such as high debt levels and a substantial percentage of pledged promoter shares, which contribute to its negative performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has seen a decline of only 0.59% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 25.50% compared to the Sensex's gain of 2.68%. This underperformance is compounded by the company's weak long-term fundamentals, including a low return on equity and high debt-to-equity ratio, which have led to a significant decline in investor confidence and participation. Overall, while the company has shown some positive financial metrics, the prevailing negative factors are driving the stock price down.