Why is SBEC Sugar falling/rising?

As of 04-Sep, SBEC Sugar Ltd's stock price is currently at Rs 39.00, reflecting a decrease of Rs 1.0 or 2.5%. Today's trading activity showed that the stock opened with a gain of 2% but later fell to a day's low of Rs 38, indicating significant volatility. The stock has underperformed its sector by 1% today and is trading below all key moving averages, suggesting a bearish trend. Over the past week, the stock has declined by 2.48%, and its year-to-date performance shows a substantial drop of 33.33%. The company's financial health is concerning, with a negative book value and a high debt-to-equity ratio, leading to weak long-term fundamentals. Recent quarterly results indicate a sharp decline in net sales and profits, further contributing to investor skepticism.
In the broader market context, while the Sensex has shown a slight increase of 0.80% over the past week, SBEC Sugar's performance has been notably poor, with a year-over-year decline of 46.57% compared to the benchmark's drop of only 1.98%. This stark contrast highlights the stock's struggles relative to the overall market. Despite a recent uptick in investor participation, the underlying financial issues and negative growth trends suggest that the stock is viewed as risky, leading to its continued decline in price.