Why is Davangere Sugar falling/rising?

As of 03-Nov, Davangere Sugar Company Ltd's stock price is currently at 3.74, reflecting a decline of 0.11, or 2.86%. The stock has been underperforming, having lost 6.97% over the last three days and showing a negative return of 41.76% over the past year. Today's performance indicates that it has underperformed its sector by 3.4%. Additionally, the stock's delivery volume has significantly decreased by 76.13% compared to the five-day average, suggesting a lack of investor interest. The company's fundamentals are weak, with a low return on capital employed and a high debt-to-EBITDA ratio, which further contributes to the negative sentiment surrounding the stock.
Broader market context shows that while the Sensex has gained 3.41% over the past month, Davangere Sugar's stock has declined by 8.78% in the same period, highlighting its significant underperformance relative to the market. The stock's long-term growth prospects appear poor, as evidenced by a decrease in promoter confidence, with a 4.45% reduction in their stake, indicating a lack of faith in the company's future. Overall, the combination of weak financial performance, declining investor participation, and negative market sentiment has led to the stock's current downward trajectory.