Why is Bannari Amm.Sug. falling/rising?

As of 06-Oct, Bannari Amman Sugars Ltd is experiencing a decline in its stock price, currently at Rs 3,351.00, which represents a decrease of Rs 197.0 or 5.55%. The stock has underperformed its sector by 5.3% today and has been on a downward trend for the last three days, resulting in a total return of -7.51% over the past week. The stock opened with a significant loss of 3.92% and reached an intraday low of Rs 3,103.5, reflecting a drop of 12.53%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company's weak long-term fundamentals, including a -1.49% CAGR growth in operating profits over the last five years and a return on equity of only 6.4%, contribute to the negative sentiment surrounding the stock. Furthermore, the recent financial results show a substantial decline in profit before tax and profit after tax compared to previous quarters, which raises concerns about its profitability.
In the broader market context, Bannari Amman Sugars Ltd's performance has been notably poor compared to the benchmark Sensex, which has gained 1.77% over the past week. The stock's year-to-date return stands at -8.14%, while the Sensex has increased by 4.67% during the same period. This stark contrast highlights the stock's underperformance not only in the short term but also over the past year, where it has generated a return of -9.43% compared to the Sensex's modest gain of 0.12%. The lack of domestic mutual fund investment, which indicates a lack of confidence in the company's valuation and business prospects, further exacerbates the stock's declining trajectory. Overall, the combination of weak financial performance, negative investor sentiment, and poor relative performance against the benchmark contributes to the ongoing decline in Bannari Amman Sugars Ltd's stock price.