Why is SBEC Sugar falling/rising?

As of 23-Oct, SBEC Sugar Ltd is experiencing a decline in its stock price, currently at Rs 32.50, which reflects a decrease of -0.61 or -1.84%. The stock has been underperforming significantly, with a consecutive fall over the last three days, resulting in a total decline of -8.68%. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, being only 4.62% away from that point. In terms of returns, SBEC Sugar has seen a substantial drop of -44.44% year-to-date and -45.10% over the past year, while the benchmark Sensex has gained 8.21% and 5.59% respectively during the same periods. There is a notable increase in investor participation, with delivery volume rising by 137.36% against the 5-day average, which may indicate some interest despite the overall negative performance.
Broader Market Context: In the short term, SBEC Sugar's performance has been markedly worse than the benchmark Sensex, which has risen by 1.30% over the past week while SBEC Sugar has declined by -7.14%. This stark contrast highlights the stock's struggles relative to the broader market, suggesting that investor sentiment is currently unfavorable towards SBEC Sugar. The liquidity of the stock appears adequate for trading, but the overall negative trends in both stock performance and market comparisons indicate a challenging environment for SBEC Sugar Ltd at this time.