Why is SBEC Sugar falling/rising?

As of 16-Jul, SBEC Sugar Ltd's stock price is currently at Rs 43.46, reflecting a decrease of Rs 2.28 or 4.98%. The stock has been on a downward trend, having underperformed its sector by 4.96% today and experiencing a consecutive decline for the last 15 days, resulting in a total drop of 32.29% during this period. Additionally, the stock is trading below all its moving averages, indicating a weak performance. Despite a recent increase in investor participation, with delivery volume rising by 234.39% against the 5-day average, the overall sentiment remains negative. The company has reported positive results for the quarter ending March 2025, with significant growth in net sales and operating profit; however, the decrease in foreign institutional investors' holdings to 0% raises concerns about investor confidence.
In the broader market context, SBEC Sugar's performance has significantly lagged behind the benchmark, with a 1-week return of -17.61% compared to the Sensex's -1.08%. Over the past year, the stock has generated a return of -42.21%, while the broader market has seen a modest gain of 2.38%. This stark contrast highlights the stock's struggles, particularly given its negative book value and high debt levels, which contribute to its classification as a risky investment. The company's long-term growth prospects appear weak, further exacerbating the negative sentiment surrounding the stock.