Why is Dhampur Sugar falling/rising?

As of 26-Aug, Dhampur Sugar Mills Ltd is experiencing a decline in its stock price, currently at 127.40, which reflects a decrease of 1.25 or 0.97%. The stock has been on a downward trend, having lost 4.61% over the last three days and showing a significant decline of 11.83% over the past month. Additionally, it is trading below all its moving averages, indicating weak momentum. The company's financial performance has been concerning, with a 37.52% drop in returns over the past year and a 43.1% decrease in profits. The low return on capital employed (ROCE) of 5.6 and a high debt-to-EBITDA ratio of 3.08 further highlight the company's weak long-term fundamentals, contributing to its negative performance.
In the broader market context, while the Sensex has shown a slight decline of 1.05% over the past week, Dhampur Sugar's performance has been notably worse, with a 3.41% drop in the same period. The sugar sector overall has also faced challenges, with a decrease of 2.26%. The falling investor participation, evidenced by a 26.47% drop in delivery volume compared to the five-day average, suggests a lack of confidence among investors. Moreover, the absence of domestic mutual fund investments indicates a lack of institutional support, which may further exacerbate the stock's downward trajectory.