Why is Dhampur Sugar falling/rising?

As of 22-Aug, Dhampur Sugar Mills Ltd is experiencing a decline in its stock price, currently at Rs 130.20, reflecting a decrease of Rs 3.35 or 2.51%. The stock has underperformed its sector by 1.99% today and has fallen after three consecutive days of gains, reaching an intraday low of Rs 130.20. Over the past week, the stock has shown a slight increase of 0.31%, but it has significantly underperformed over longer periods, with a 12.38% decline in the last month and a staggering 37.40% drop over the past year. The company's financials indicate a weak performance, with a 93.49% fall in net profit and a high Debt to EBITDA ratio of 3.08 times, which raises concerns about its ability to service debt. Despite a low valuation compared to peers, the stock's fundamentals remain weak, contributing to its recent price movement.
In the broader market context, while the Sensex has gained 0.88% over the past week, Dhampur Sugar's performance has been lackluster, indicating a divergence from the overall market trend. The stock's year-to-date return of -19.38% starkly contrasts with the Sensex's positive return of 4.05%, highlighting its underperformance in both short and long-term scenarios. The lack of domestic mutual fund investment, which stands at 0%, further suggests a lack of confidence in the stock's potential, reinforcing the perception of its weak long-term fundamentals and contributing to its declining price.