Why is Dwarikesh Sugar falling/rising?

As of 09-Jul, Dwarikesh Sugar Industries Ltd is experiencing a decline in its stock price, currently at 48.26, which reflects a decrease of 0.78 or 1.59%. The stock has underperformed its sector by 1.25% today and has been on a consecutive downward trend for the last three days, accumulating a total decline of 2.37%. Over the past week, the stock has decreased by 2.84%, and its performance over the last year shows a significant drop of 36.16%. Despite the company’s strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.80 times, its profits have fallen by 72.1% over the past year, contributing to the stock's negative movement. Additionally, the stock is trading at a discount compared to its peers, but the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Dwarikesh Sugar's decline. The stock's performance has consistently lagged behind the benchmark, with a notable underperformance over the last three years, where it generated negative returns while the benchmark rose by 53.33%. This persistent underperformance, coupled with a significant drop in investor participation, as evidenced by a 27.52% decrease in delivery volume, indicates a lack of market confidence in the stock's future prospects. Overall, the combination of poor long-term growth, declining profits, and minimal institutional interest is contributing to the stock's downward trajectory.