Why is Dwarikesh Sugar falling/rising?

As of 03-Jul, Dwarikesh Sugar Industries Ltd is experiencing a decline in its stock price, currently at 49.20, which reflects a decrease of 0.47 or 0.95%. The stock has underperformed its sector by 0.8% today and has shown a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has increased by 1.59% over the past week but has a year-to-date decline of 12.24% and a significant drop of 34.74% over the past year. Despite a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.80 times, the stock's performance has been negatively impacted by a 72.1% fall in profits over the past year, leading to a lack of confidence from domestic mutual funds, which hold no stake in the company.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a positive return of 3.10% over the past month, while Dwarikesh Sugar's performance has lagged with only a 0.57% increase during the same period. The stock's consistent underperformance against the benchmark over the last three years, coupled with a long-term growth rate of -8.24% in operating profit, suggests that investor sentiment remains cautious. This context highlights the challenges faced by Dwarikesh Sugar in attracting investment and maintaining a competitive position in the market, contributing to its current price decline.