Why is Ponni Sug.Erode falling/rising?

As of 18-Sep, Ponni Sugars (Erode) Ltd is currently priced at 296.25, reflecting a decrease of 0.8, or 0.27%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 2.37% during this period. In terms of returns, the stock has generated a negative 36.91% over the past year, significantly underperforming the benchmark Sensex, which has seen a modest increase of 0.08%. Additionally, the company has reported negative results for the last five consecutive quarters, with net sales and profit after tax showing substantial declines. The poor long-term growth, indicated by an annual operating profit decrease of 23.98% over the last five years, further contributes to the stock's downward movement.
In the broader market context, while the stock has shown a slight increase of 0.05% over the past week, it still lags behind the Sensex, which has gained 1.80% in the same timeframe. The stock's liquidity appears adequate, with a delivery volume increase of 41.8% compared to the five-day average, suggesting some investor interest. However, the company's low return on equity and high valuation relative to peers, combined with a significant drop in profits, indicate a challenging environment for the stock. Overall, the combination of poor financial performance and underwhelming returns compared to the broader market is likely driving the stock's recent decline.