Why is SBEC Sugar falling/rising?

As of 31-Jul, SBEC Sugar Ltd is experiencing a decline in its stock price, currently at Rs 42.00, which reflects a decrease of 2.0 (-4.55%). The stock has underperformed its sector by 3.88% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.62%. Despite opening with a gain of 2.27% and reaching an intraday high of Rs 45, it fell to a low of Rs 41.87. Over the past week, the stock has decreased by 8.77%, and its year-to-date performance shows a significant decline of 28.21%. The company has declared positive results recently, with net sales growing at 26.6%, but it also faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, SBEC Sugar's performance has been notably worse than the benchmark, with a one-year return of -38.10% compared to the BSE500's decline of only -3.20%. This stark contrast highlights the stock's struggles relative to the overall market. The company's high debt-to-equity ratio and poor long-term growth prospects have made it a risky investment, further exacerbating its underperformance. While there has been a slight increase in investor participation, the overall sentiment remains cautious due to the stock's historical volatility and negative profit trends.