Why is Davangere Sugar falling/rising?

As of 20-Jun, Davangere Sugar Company Ltd is experiencing a decline in its stock price, currently at Rs. 3.25, which reflects a decrease of Rs. 0.06 or 1.81%. The stock has underperformed its sector by 2.43% today and has been on a downward trend, falling consecutively for the last two days with a total loss of 6.34%. Additionally, the stock has hit a new 52-week low of Rs. 3.16. Over the past week, the stock has decreased by 7.93%, and it has shown a significant decline of 64.36% over the past year, while its profits have fallen by 10.6%. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 6.2 and a high Debt to EBITDA ratio of 5.05, further contribute to the negative sentiment surrounding the stock. Moreover, the recent decrease in promoter stake by 1.94% indicates a lack of confidence in the company's future prospects.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, as the Sensex has gained 1.59% over the past week and 5.46% year-to-date, while Davangere Sugar has seen a staggering decline of 38.79% in the same timeframe. This stark contrast highlights the stock's inability to keep pace with market trends, further exacerbated by its substantial underperformance against the BSE 500, which has returned 2.60% over the past year. The combination of weak financial indicators, declining promoter confidence, and significant losses relative to the market has led to a negative outlook for Davangere Sugar Company Ltd.