Why is Davangere Sugar falling/rising?

As of 14-Aug, Davangere Sugar Company Ltd is currently priced at 3.10, showing no change (0.00%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has decreased by 4.91%, and over the past month, it has fallen by 9.46%. Despite a significant increase in delivery volume by 178.01% on 13 August, the stock has generated a return of -54.98% over the past year, with profits declining by 10.6%. Additionally, the promoters have reduced their stake by 4.45%, which may reflect a lack of confidence in the company's future prospects.
In the broader market context, the Sensex has remained relatively stable, with a minimal change of -0.03% over the past week. While Davangere Sugar's performance has significantly lagged behind the benchmark, it has underperformed the BSE500 over the last three years, one year, and three months. The company's weak long-term fundamentals, characterized by a high Debt to EBITDA ratio and declining profit before tax and profit after tax, further contribute to its negative outlook. Overall, the combination of poor stock performance, reduced promoter confidence, and unfavorable financial metrics suggests a challenging environment for Davangere Sugar Company Ltd.