Why is Davangere Sugar falling/rising?

As of 10-Jul, Davangere Sugar Company Ltd's stock price is currently at 3.61, reflecting a decrease of -0.01 (-0.28%). The stock has shown mixed performance recently, with a 1-week return of +1.98%, but a 1-month decline of -1.63%. Despite a notable increase in delivery volume by 51.59% compared to the 5-day average, the stock underperformed its sector by -0.44% today. Over the past year, the stock has significantly underperformed the market, with a staggering return of -60.50% compared to the Sensex's +4.09%. The company's fundamentals are concerning, with a low Return on Capital Employed (ROCE) of 6.2 and a high Debt to EBITDA ratio of 5.05 times, indicating weak long-term growth potential and a low ability to service debt.
Broader Market Context: In the context of the broader market, while the Sensex has generated a return of +6.46% year-to-date, Davangere Sugar has seen a substantial decline of -32.02% in the same period. This stark contrast highlights the stock's struggles relative to the overall market performance. Additionally, the company's recent reduction in promoter stake by -1.94% may signal diminishing confidence in its future prospects, further contributing to its negative trajectory. Overall, the combination of poor financial performance, weak growth indicators, and declining promoter confidence has led to the stock's current downward movement.