Why is Bannari Amm.Sug. falling/rising?

As of 18-Sep, Bannari Amman Sugars Ltd is experiencing a decline in its stock price, currently at 3,650.00, reflecting a change of -0.75 (-0.02%). The stock has underperformed its sector by -0.61% today and has been on a downward trend for the last three days, accumulating a total decline of -2.81%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the stock has shown a positive return of 9.64% over the past year, it has faced challenges with a -21.8% drop in profits during the same period, indicating weak long-term fundamental strength. The company's low Return on Equity (ROE) of 6.4 and a negative CAGR growth in operating profits over the last five years contribute to its expensive valuation relative to its peers.
In the broader market context, the stock's performance over the past week has been -0.41%, while the benchmark Sensex has increased by +1.80%. This underperformance is further highlighted by the fact that the stock has generated negative returns of -2.54% over the past month compared to a +2.14% gain in the Sensex. The lack of investor participation, as evidenced by a 21.4% drop in delivery volume, suggests a diminishing interest in the stock, which may be compounded by the absence of domestic mutual fund investment, indicating a lack of confidence in its current valuation. Overall, these factors contribute to the stock's recent decline amidst a generally positive market environment.