Why is Dwarikesh Sugar falling/rising?

As of 14-Aug, Dwarikesh Sugar Industries Ltd is experiencing a decline in its stock price, currently at 38.65, reflecting a decrease of 0.44 or 1.13%. The stock has been underperforming significantly, with a consecutive fall over the last eight days resulting in a total drop of 10.07%. In terms of returns, the stock has seen a 1-week decline of 5.73% and a 1-month drop of 18.75%, while its year-to-date performance shows a staggering decrease of 31.06%. The company's financials indicate a very attractive valuation with a low return on capital employed (ROCE) of 2.2, but its profits have decreased by 28.7% over the past year, contributing to the negative sentiment surrounding the stock.
In the broader market context, Dwarikesh Sugar's performance has been notably poor compared to the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has gained 3.15% year-to-date, Dwarikesh Sugar has lost over 31%, highlighting a stark contrast in performance. The stock's liquidity appears adequate, with a delivery volume increase of 39.6% against the 5-day average, yet the lack of domestic mutual fund investment suggests a lack of confidence in the company's future growth prospects. Overall, the combination of declining profits, poor long-term growth, and consistent underperformance against benchmarks has led to the stock's current downward trajectory.