Why is Andhra Sugars falling/rising?

As of 30-Jun, Andhra Sugars Ltd is experiencing a decline in its stock price, currently at 82.76, reflecting a decrease of 0.24 or 0.29%. The stock has been underperforming recently, having fallen for the last two days with a total return of -0.98% during this period. Despite outperforming its sector by 0.3% today, the stock's longer-term performance is concerning, with a year-to-date decline of 14.24% and a significant drop of 29.08% over the past year. The company's low return on equity of 9.36% and a negative growth rate in operating profit over the last five years further indicate poor management efficiency and profitability. Additionally, the stock is trading at a premium compared to its peers, which may deter investors.
In the broader market context, while the Sensex has shown a positive return of 2.09% over the past week and 2.65% over the past month, Andhra Sugars' performance has been notably weaker, with a 1-week return of 11.97% and a 1-month return of 11.58%. This consistent underperformance against the benchmark over the last three years, combined with a lack of domestic mutual fund investment, suggests a lack of confidence in the company's future prospects. The falling investor participation, indicated by a decrease in delivery volume, further compounds the challenges faced by the stock, highlighting a broader sentiment of caution among investors.