Why is Sakthi Sugars falling/rising?

As of 09-Sep, Sakthi Sugars Ltd is currently priced at 22.50, reflecting a decrease of 0.24, or 1.06%. The stock's performance today is in line with the sector, but it has shown a concerning trend with a significant drop in delivery volume, falling by 78.7% against the 5-day average. Over the past week, the stock has declined by 4.21%, and it has underperformed the benchmark Sensex, which has risen by 1.18%. While the company reported positive results in June, including a 154.48% growth in PAT and a 30.3% increase in net sales, it is also burdened by high debt levels and weak long-term growth prospects, which contribute to its recent price decline.
In the broader market context, the stock's year-to-date performance shows a significant drop of 27.18%, while the Sensex has gained 3.79% during the same period. The stock has consistently underperformed against the BSE500 over various time frames, including a staggering 40.11% decline over the past year. The high debt-to-equity ratio and the fact that 86.82% of promoter shares are pledged add to the downward pressure on the stock, especially in a falling market. Despite attractive valuation metrics such as a low PEG ratio and a discount compared to peers, the overall sentiment remains negative due to the company's long-term fundamental weaknesses.