Why is SBEC Sugar falling/rising?

As of 15-Jul, SBEC Sugar Ltd's stock price is currently at Rs 45.74, reflecting a decline of 2.4 points or 4.99%. The stock has been on a downward trend, having underperformed its sector by 5.69% today and experiencing a consecutive fall for the last 14 days, resulting in a total drop of 28.74% during this period. Despite a recent declaration of positive results in March 2025, including a significant growth in net sales and operating profit, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, foreign institutional investors (FIIs) have decreased their holdings to 0%, indicating a lack of confidence in the stock.
In the broader market context, SBEC Sugar's performance has significantly lagged behind the benchmark, with a one-week return of -15.01% compared to the Sensex's -1.36%. Over the past year, the stock has generated a return of -42.82%, while the broader market has seen a modest gain of 2.36%. This stark contrast highlights the stock's struggle to attract investor interest, particularly in light of its recent poor performance and the overall market's stability. The combination of declining investor participation and negative sentiment surrounding the company's financial health has contributed to the ongoing decline in its stock price.