Why is Godavari Bioref. falling/rising?

As of 29-Aug, Godavari Biorefineries Ltd is experiencing a decline in its stock price, currently at 249.75, which reflects a decrease of 2.75 or 1.09%. The stock has been on a downward trend, losing 6.23% over the last three days and opening with a loss of 2.97% today. It touched an intraday low of Rs 245 and has shown lower delivery volume, indicating falling investor participation. The company has reported a significant decline in profits, with a 357% drop over the past year, and has a weak long-term fundamental strength characterized by a -24.69% CAGR growth in operating profits over the last five years. Additionally, the high Debt to EBITDA ratio of 4.98 times raises concerns about its ability to service debt, further impacting investor sentiment.
In the broader market context, the stock's performance over the past week has been worse than the benchmark Sensex, which fell by 1.84%, while Godavari Biorefineries Ltd dropped by 4.18%. Over the past month, the stock has decreased by 20.76%, contrasting sharply with the Sensex's decline of only 1.88%. The company's weak financial results, particularly the flat performance in June and falling institutional investor participation, have contributed to its poor market performance. Institutional investors, who typically have more resources to analyze company fundamentals, have reduced their stake in the company, indicating a lack of confidence in its future prospects.