Why is Magadh Sugar falling/rising?

As of 07-Nov, Magadh Sugar & Energy Ltd's stock price is currently at Rs 522.65, reflecting a decrease of Rs 11.95 or 2.24%. The stock has been underperforming, having fallen for six consecutive days, resulting in a total decline of 6.12% during this period. Additionally, the stock has shown a significant negative return of 29.32% over the past year, while its profits have decreased by 12.5%. The company is trading below all its moving averages, indicating a bearish trend. Furthermore, the stock's high Debt to EBITDA ratio of 4.28 times raises concerns about its ability to service debt, contributing to the negative sentiment around the stock.
In the broader market context, Magadh Sugar's recent performance has been notably worse than the benchmark, with a 1-week return of -4.06% compared to the Sensex's -0.86%. This underperformance is compounded by a low level of investor participation, as indicated by a 21.37% drop in delivery volume against the 5-day average. Despite the stock being valued attractively compared to its peers, the lack of confidence from domestic mutual funds, which hold only 0.02% of the company, suggests that institutional investors are wary of its prospects. Overall, the combination of poor profitability, high debt levels, and declining investor interest is driving the stock's downward movement.