Why is SBEC Sugar falling/rising?

As of 08-Jul, SBEC Sugar Ltd is experiencing a decline in its stock price, currently at 53.82, reflecting a decrease of 1.09 or 1.99%. The stock has been underperforming significantly, having fallen for the last nine consecutive days, resulting in a total decline of 16.16% during this period. Additionally, the stock's performance over the past week shows a drop of 9.58%, while its year-to-date performance is down by 8.00%. The company has also seen a notable decrease in investor participation, with delivery volume falling by 70.54% compared to the five-day average. Despite declaring positive results in March 2025, including a significant growth in net sales and operating profit, the overall sentiment is dampened by the company's negative book value and high debt levels, leading to a weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight increase of 0.02% over the past week. While the stock has outperformed the benchmark over the last three and five years, its one-year return of -13.18% starkly contrasts with the BSE500's positive return of 1.98%. This underperformance, combined with the recent decline in foreign institutional investor holdings to 0%, suggests a lack of confidence in the stock's future prospects, contributing to its current downward trajectory.