Why is Godavari Bioref. falling/rising?

As of 10-Sep, Godavari Biorefineries Ltd is experiencing a decline in its stock price, currently at Rs 292.30, reflecting a decrease of Rs 3.9 or 1.32%. The stock has underperformed its sector by 2.41% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.08%. Despite trading above its moving averages for various periods, the stock's year-to-date performance shows a significant decline of 6.94%, contrasting with a modest increase of 4.21% in the benchmark Sensex. The company's financial health is concerning, with a high Debt to EBITDA ratio of 4.98 times and a negative trend in operating profits, which have fallen at a CAGR of -24.69% over the last five years. Additionally, a substantial drop in profits of -357% over the past year further exacerbates investor sentiment.
In the broader market context, Godavari Biorefineries' short-term return of 1.12% over the past week slightly outpaces the Sensex's return of 1.06%, indicating some relative strength. However, the stock's year-to-date performance starkly contrasts with the benchmark's positive trajectory, highlighting underlying weaknesses. The decrease in institutional investor participation, with a reduction of -0.52% in their stake, suggests a lack of confidence among more knowledgeable investors, which could further pressure the stock. Overall, the combination of weak fundamentals, declining profitability, and reduced institutional interest contributes to the stock's current downward movement.