Why is Sh.Renuka Sugar falling/rising?

As of 28-Jul, Shree Renuka Sugars Ltd's stock price is currently at 30.07, reflecting a decline of 0.81, or 2.62%. The stock has been underperforming, having lost 5.38% over the last four days, and is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, the stock has shown significant underperformance against the benchmark, with a 1-week return of -4.27% compared to the Sensex's -1.59%, and a year-to-date decline of 23.78% against the Sensex's gain of 3.52%. The company's financial health is concerning, with a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Despite a notable increase in profit after tax and operating profit, the overall negative net worth and poor long-term growth prospects have led to a lack of investor confidence.
In the broader market context, Shree Renuka Sugars Ltd has consistently underperformed against the benchmark indices over the past three years, with a staggering 41.02% decline in the last year alone. This consistent underperformance, coupled with a low stake held by domestic mutual funds, suggests a lack of confidence in the company's future prospects. The stock's liquidity is relatively stable, but the falling investor participation indicates a growing reluctance to invest in the company, further exacerbating its price decline. Overall, the combination of negative financial indicators and weak market sentiment has resulted in the stock's downward trajectory.