Why is Godavari Bioref. falling/rising?

As of 04-Aug, Godavari Biorefineries Ltd is experiencing a decline in its stock price, currently at Rs 303.00, which reflects a decrease of Rs 3.85 or 1.25%. The stock has underperformed its sector by 2.63% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.4%. Despite reaching an intraday high of Rs 318.95 earlier in the day, the stock's performance over the past week shows a decline of 0.98%, while it has increased by 17.17% over the past month. However, the company has faced challenges, including a significant drop in operating profits over the last five years and a high debt to EBITDA ratio, which negatively impacts investor sentiment.
Broader market context indicates that while the Sensex has gained 0.16% over the past week, Godavari Biorefineries Ltd's recent performance has been lackluster, particularly in comparison to the benchmark. The company's weak long-term fundamentals, including a -24.69% CAGR growth in operating profits and a low return on equity, have contributed to falling participation from institutional investors, who have reduced their stakes in the company. This decline in institutional interest, coupled with a significant drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's downward movement.