Why is Bannari Amm.Sug. falling/rising?

As of 23-Sep, Bannari Amman Sugars Ltd is experiencing a decline in its stock price, currently at 3,660.20, reflecting a decrease of 23.0 points or 0.62%. The stock has underperformed in the short term, with a 1-week return of -2.14% compared to the Sensex's -0.34%. Today's trading activity shows that the stock has traded within a narrow range of Rs 24.95 and is currently below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 46.34% against the 5-day average. The company has shown weak long-term fundamental strength, with a negative CAGR growth in operating profits over the last five years and a low return on equity, indicating low profitability per unit of shareholders' funds.
In the broader market context, while the stock has generated a return of 4.30% over the past year, it has lagged behind the Sensex, which has increased by 5.07% year-to-date. The flat results reported for June, including a substantial decline in profit before tax and profit after tax compared to previous quarters, further contribute to the stock's negative sentiment. The absence of domestic mutual fund investment, which typically indicates a lack of confidence in the stock's valuation, adds to the bearish outlook. Overall, the combination of weak financial performance, declining investor interest, and underperformance relative to the benchmark has led to the stock's current downward trend.