Why is Sakthi Sugars falling/rising?

As of 22-Sep, Sakthi Sugars Ltd is currently priced at 22.20, reflecting a decline of 0.33 or 1.46%. The stock has been underperforming, having lost 2.89% over the last two days and is trading below all key moving averages. In the past week, the stock has decreased by 0.58%, while its year-to-date performance shows a significant drop of 28.16%. Although the company reported positive results in June, including a higher PAT and strong net sales growth, it faces challenges such as high debt levels and a low return on equity, which contribute to its negative sentiment among investors. Additionally, the high percentage of pledged promoter shares adds further downward pressure on the stock price.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting with Sakthi Sugars' decline. This underperformance is indicative of the stock's struggles relative to the market, particularly as it has generated a return of -42.62% over the past year, while the Sensex has only declined by 2.82%. The stock's liquidity appears adequate for trading, but the falling investor participation and overall negative sentiment suggest a challenging environment for Sakthi Sugars in the near term.