Why is SBEC Sugar falling/rising?

As of 23-Sep, SBEC Sugar Ltd's stock price is currently at Rs. 34.50, reflecting a decline of Rs. 1.37 or 3.82%. The stock has recently hit a new 52-week low and has been underperforming its sector, with a performance drop of 2.69% today. Over the past week, the stock has fallen by 10.51%, and it has experienced a significant decline of 41.03% year-to-date. The company's financial health is concerning, as it has a negative book value and has reported poor long-term growth, with net sales growing at an annual rate of only 4.56% over the last five years. Additionally, the company's profitability has sharply declined, with both profit before tax and profit after tax falling drastically compared to previous quarters.
In the broader market context, SBEC Sugar's recent performance contrasts sharply with the Sensex, which has only declined by 0.34% over the past week. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting some investor interest despite the overall negative sentiment. However, the stock's long-term fundamentals remain weak, and it has underperformed the BSE500 index over various time frames, including the last three years and one year. This combination of poor financial performance and negative market sentiment contributes to the stock's downward trajectory.