Why is SBEC Sugar falling/rising?

As of 10-Jul, SBEC Sugar Ltd's stock price is currently at 51.70, reflecting a decrease of 1.05 or 1.99%. The stock has been on a downward trend, having fallen for the last 11 consecutive days, resulting in a total decline of 19.46% during this period. Despite reporting positive results for March 2025, including a significant growth in net sales and operating profit, the company's overall performance has been hampered by a negative book value and high debt levels. Additionally, foreign institutional investors (FIIs) have reduced their holdings to 0%, indicating a lack of confidence in the stock's long-term prospects.
In the broader market context, SBEC Sugar's recent performance has significantly underperformed compared to the benchmark Sensex, which has seen a minimal decline of 0.06% over the past week. The stock's year-to-date performance shows a decline of 11.62%, contrasting sharply with the Sensex's gain of 6.46%. This stark difference highlights the stock's struggles, particularly as it has generated a return of -30.71% over the past year, while the broader market has yielded positive returns. The combination of falling investor participation, as evidenced by a 65.99% drop in delivery volume, and the company's weak long-term fundamentals contribute to the ongoing decline in SBEC Sugar's stock price.