Why is SBEC Sugar falling/rising?

As of 22-Sep, SBEC Sugar Ltd is experiencing a decline in its stock price, currently at Rs 35.87, which reflects a decrease of Rs 1.22 or 3.29%. The stock has underperformed today, with a performance that is 2.74% lower than its sector. It reached an intraday high of Rs 38.7 but also touched a low of Rs 35.85. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.29% away from Rs 35.05. Over the past week, the stock has dropped by 6.07%, and year-to-date, it has fallen significantly by 38.68%, contrasting sharply with the Sensex, which has gained 5.15% during the same period.
In the broader market context, SBEC Sugar's recent performance has been notably weaker compared to the Sensex, which has shown a slight increase of 0.46% over the past week. The stock's year-on-year decline of 45.60% further highlights its struggles against the benchmark, which has only decreased by 2.82%. Despite a rise in investor participation, with a notable increase in delivery volume, the overall sentiment remains negative, as indicated by the stock's consistent underperformance relative to both its sector and the broader market. The lack of available positive factors further compounds the challenges facing SBEC Sugar, contributing to its current downward trajectory.