Why is Avadh Sugar falling/rising?

As of 11-Aug, Avadh Sugar & Energy Ltd's stock price is currently at 429.30, reflecting a decrease of 7.2 points or 1.65%. The stock has underperformed its sector by 1.99% today and has experienced a trend reversal, falling after two consecutive days of gains. It is trading below all significant moving averages, indicating a bearish trend. Over the past week, the stock has declined by 4.23%, and it has underperformed the benchmark Sensex, which has only fallen by 0.51%. Additionally, the stock has generated a return of -28.19% over the past year, while profits have plummeted by 38.2%. The company's high Debt to EBITDA ratio of 4.48 times raises concerns about its ability to service debt, contributing to negative sentiment among investors.
In the broader market context, Avadh Sugar's recent performance contrasts sharply with the Sensex, which has shown a positive return of 3.15% year-to-date. The stock's consistent underperformance against the benchmark over the last three years, coupled with a stagnant net sales growth rate of 0% over the past five years, suggests a lack of investor confidence. Furthermore, the minimal stake held by domestic mutual funds, at only 0.03%, indicates a lack of comfort with the company's valuation or business prospects. Overall, these factors contribute to a negative outlook for Avadh Sugar, leading to its current decline in stock price.