Why is SBEC Sugar falling/rising?

As of 14-Jul, SBEC Sugar Ltd is experiencing a decline in its stock price, currently at Rs 48.14, reflecting a decrease of 2.53 (-4.99%). The stock has been on a downward trend, having fallen consecutively for the last 13 days, resulting in a total drop of 25% during this period. It opened the day with a significant loss of 4.87% and reached an intraday low of Rs 48.14. Over the past week, the stock has underperformed the sector by 4.23% and has shown a substantial decline of 12.33%, while its year-to-date performance is down by 17.71%. Additionally, the company's financial health is concerning, as it has a negative book value and high debt levels, with foreign institutional investors (FIIs) reducing their holdings to 0%. Despite reporting positive results for March 2025, the long-term growth outlook remains weak, with net sales growing at only 5.53% annually over the past five years.
In the broader market context, the stock's performance has significantly lagged behind the benchmark, with the Sensex showing a modest gain of 1.40% over the past month, while SBEC Sugar has declined by 12.19%. This stark contrast highlights the stock's struggles in a generally stable market environment. The company's recent operational improvements, such as a notable increase in net sales and operating profit, have not been sufficient to offset the negative sentiment stemming from its long-term financial instability and declining investor participation. Overall, the combination of poor short-term performance, high debt levels, and reduced institutional interest contributes to the stock's downward trajectory.