Why is Sakthi Sugars falling/rising?

As of 24-Sep, Sakthi Sugars Ltd is currently priced at 21.92, reflecting a decline of 0.26, or 1.17%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decrease of 4.11% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a year-to-date return of -29.06% compared to the Sensex's gain of 4.58%. While the company reported positive results in June, including a higher PAT and significant growth in net sales, it also faces challenges such as high debt levels and a low return on equity, which contribute to its negative stock performance.
Broader market context indicates that the stock's short-term performance has been weaker than the benchmark, as it has declined by 2.58% over the past week while the Sensex has only fallen by 1.18%. 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 some attractive valuation metrics and recent positive financial results, the overall sentiment remains negative due to the company's weak long-term fundamentals and poor performance relative to broader market indices.