Why is Kothari Sugars falling/rising?

As of 31-Jul, Kothari Sugars & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 33.07, which reflects a decrease of Rs 0.73 or 2.16%. The stock has underperformed significantly, with a 1-week return of -8.09% and a 1-month return of -12.14%. Today's performance indicates that it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Furthermore, the company has reported very negative financial results over the last five quarters, with net sales falling by 60.8% and operating profit declining by 48.47%. This poor performance, coupled with a significant drop in profits over the past year, contributes to the stock's downward trend.
In the broader market context, Kothari Sugars has underperformed the benchmark Sensex, which has seen a decline of only 1.17% over the past week while Kothari Sugars has dropped by over eight percent. The stock's long-term performance is also concerning, with a year-to-date return of -24.58% compared to the Sensex's gain of 4.75%. Despite a rise in investor participation, as indicated by a 195.41% increase in delivery volume, the overall sentiment remains negative due to the company's ongoing financial struggles and poor growth prospects, making it a risky investment.