Why is Davangere Sugar falling/rising?

As of 08-Sep, Davangere Sugar Company Ltd's stock price is currently at 3.88, reflecting a decrease of 0.1, or 2.51%. The stock has underperformed its sector today by 1.09%, despite being higher than the 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has seen a slight decline of 0.51%, while it has experienced a significant increase of 21.63% over the past month. However, the stock's year-to-date performance shows a decline of 24.45%, and it has fallen by 44.44% over the past year. The company's recent financial performance indicates a weak outlook, with a notable drop in net sales and profits, alongside a high debt-to-EBITDA ratio, which raises concerns about its ability to service debt. Additionally, a decrease in promoter stake by 4.45% suggests reduced confidence in the company's future.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.53% over the past week, Davangere Sugar's performance has been lackluster. The stock's negative returns over the last year starkly contrast with the broader market's decline of only 0.49%. This underperformance highlights the stock's struggles relative to market trends, further compounded by weak long-term fundamentals and declining investor participation. The overall market context indicates that while the broader market has shown resilience, Davangere Sugar continues to face significant challenges that contribute to its falling stock price.