Why is Davangere Sugar falling/rising?

As of 09-Sep, Davangere Sugar Company Ltd is experiencing a decline in its stock price, currently at 3.73, reflecting a decrease of -0.15 or -3.87%. The stock has underperformed its sector by -2.71% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of -6.28%. Over the past week, the stock has seen a significant drop of -7.44%, while its year-to-date performance shows a stark decline of -27.37%. The company has also reported a decrease in investor participation, with delivery volume falling by -44.65% compared to the five-day average. Additionally, the stock's fundamentals are concerning, with a return on capital employed (ROCE) of 6.2 and a high debt-to-EBITDA ratio of 5.05, indicating weak long-term growth potential.
In the broader market context, the Sensex has shown a positive return of +1.18% over the past week, contrasting sharply with Davangere Sugar's performance. While the market has generated a negative return of -2.87% over the last year, Davangere Sugar's stock has significantly underperformed, with a staggering decline of -45.91%. This underperformance, coupled with the reduction in promoter confidence—evidenced by a -4.45% decrease in their stake—suggests a lack of faith in the company's future prospects. Overall, the combination of poor financial results, declining investor interest, and negative market sentiment contributes to the stock's current downward trajectory.