Why is Sakthi Sugars falling/rising?

As of 11-Sep, Sakthi Sugars Ltd is experiencing a decline in its stock price, currently at 22.15, reflecting a decrease of 0.25 or 1.12%. The stock has underperformed its sector today by 2.29% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.59% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Sakthi Sugars has generated a return of -41.53%, significantly underperforming the benchmark Sensex, which has risen by 4.36%. While the company reported positive results in its latest six months, including a 154.48% growth in PAT and a 30.3% increase in net sales, these positives are overshadowed by its high debt levels and weak long-term growth prospects.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.03% over the past week and 1.17% over the past month. The high debt-to-equity ratio of 5.21 times and the fact that 86.82% of promoter shares are pledged contribute to a negative outlook, particularly in a falling market. This situation places additional downward pressure on the stock price. Furthermore, the company's low return on equity of 4.27% indicates low profitability, which, combined with its historical underperformance against broader indices, suggests that investor confidence is waning, leading to the stock's current decline.