Why is Dwarikesh Sugar falling/rising?

As of 29-Aug, Dwarikesh Sugar Industries Ltd is experiencing a slight decline in its stock price, currently at 39.40, reflecting a decrease of 0.05 or 0.13%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.83% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date drop of 29.72% and a staggering 46.58% decline over the past year. Despite a very attractive valuation indicated by a ROCE of 2.2 and a trading discount compared to peers, the stock's profits have decreased by 28.7% over the past year, contributing to its negative momentum.
In the broader market context, Dwarikesh Sugar's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 2.14% year-to-date. The stock's short-term return of -3.55% over the past week also highlights its struggles compared to the benchmark's decline of only 1.84%. Furthermore, the falling investor participation, evidenced by an 11.08% drop in delivery volume, and the lack of domestic mutual fund investment suggest a lack of confidence in the stock's future prospects. This consistent underperformance against the benchmark over the last three years further underscores the challenges faced by Dwarikesh Sugar Industries Ltd.