Why is Dwarikesh Sugar falling/rising?

As of 30-Jul, Dwarikesh Sugar Industries Ltd is experiencing a decline in its stock price, currently at Rs 42.47, reflecting a decrease of Rs 1.83 or 4.13%. The stock has underperformed its sector by 3.06% today, reaching an intraday low of Rs 42.35. Over the past week, the stock has seen a return of -7.51%, and it has significantly underperformed the benchmark Sensex, which has only dropped by 1.50%. The company has reported positive quarterly results, with net sales growing by 43.4% and operating profit to interest at its highest level. However, the long-term outlook remains poor, with a five-year annual operating profit growth rate of -8.24% and a substantial decline in profits of -72.1% over the past year, leading to a very expensive valuation compared to peers.
In the broader market context, the stock's performance has been notably weak compared to the Sensex, which has gained 4.28% year-to-date while Dwarikesh Sugar has fallen by 24.24%. This consistent underperformance against the benchmark over the last three years, coupled with a lack of interest from domestic mutual funds, suggests a lack of confidence in the stock's future prospects. The liquidity of the stock remains adequate for trading, but the falling investor participation, as indicated by a 6.1% drop in delivery volume, further underscores the challenges the company faces in regaining investor trust amidst its declining performance.