Why is Bannari Amm.Sug. falling/rising?

As of 24-Sep, Bannari Amman Sugars Ltd is experiencing a decline in its stock price, currently at 3,636.50, which reflects a decrease of 25.5 points or 0.7%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -1.27%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 87.33% compared to the 5-day average, suggesting a lack of investor interest. Over the past month, the stock has declined by 4.03%, while it has shown a modest gain of 4.20% over the past year, contrasting with a significant drop in profits of 21.8% during the same period.
In the broader market context, Bannari Amman Sugars Ltd's short-term performance has been relatively better than the benchmark Sensex, which has decreased by 1.18% over the past week while the stock itself has only fallen by 0.39%. However, the company's weak long-term fundamentals, including a -1.49% CAGR growth in operating profits over the last five years and a low return on equity of 6.4%, contribute to a perception of the stock as a strong sell. The flat financial results reported for June, with a significant drop in profit before tax and profit after tax compared to previous quarters, further exacerbate concerns about its profitability. The absence of domestic mutual fund investment, which stands at 0%, indicates a lack of confidence from institutional investors, potentially impacting the stock's price negatively.