Why is Avadh Sugar falling/rising?

As of 01-Aug, Avadh Sugar & Energy Ltd's stock price is currently at 458.20, reflecting a decrease of 2.65, or 0.58%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 1.88% during this period. Additionally, the stock has underperformed against the benchmark Sensex over the past week and month, with returns of -1.46% and -6.77%, respectively. The company's performance indicators show it trading below all significant moving averages, and there has been a notable drop in investor participation, with delivery volume decreasing by 65.09% compared to the five-day average. The stock's negative trajectory is compounded by a high Debt to EBITDA ratio of 4.48 times, indicating a low ability to service debt, and a significant decline in profits by 31.4% over the past year.
In the broader market context, while the Sensex has shown a slight decline of 1.06% over the past week and 3.70% over the past month, Avadh Sugar's performance has been considerably worse, highlighting its consistent underperformance against the benchmark over the last three years. The stock's year-to-date return is down by 10.68%, contrasting sharply with the Sensex's positive return of 3.15%. This underperformance, along with a lack of confidence from domestic mutual funds, which hold only 0.03% of the company, suggests that investors may be wary of the stock's long-term growth prospects, further contributing to its declining price.