Why is SBEC Sugar falling/rising?

As of 24-Sep, SBEC Sugar Ltd's stock price is currently at Rs. 35.53, reflecting an increase of Rs. 0.58 or 1.66%. The stock has recently outperformed its sector by 3.27% today, indicating a positive movement after two consecutive days of decline. However, it has hit a new 52-week low of Rs. 34.5 today, and its performance over the past week shows a significant decline of 8.14%. The stock has also underperformed in the longer term, with a year-to-date drop of 39.26% and a one-year return of -46.53%. The company is facing serious challenges, including a negative book value, high debt levels, and poor long-term growth, as evidenced by a significant decline in net sales and profits compared to previous quarters.
In the broader market context, while the Sensex has shown a slight increase of 0.50% over the past month, SBEC Sugar's performance has been notably poor, with a one-month decline of 8.90%. This stark contrast highlights the stock's struggles relative to the overall market. The company's weak fundamentals, including a debt-to-equity ratio of zero and a significant drop in profitability, contribute to its risky profile, making it less attractive to investors. Despite a recent uptick in trading volume, the overall sentiment remains negative due to the company's ongoing financial difficulties and underperformance compared to broader market indices.