Why is Sh.Renuka Sugar falling/rising?

As of 11-Aug, Shree Renuka Sugars Ltd is experiencing a decline in its stock price, currently at 28.44, reflecting a decrease of 0.05 (-0.18%). The stock has been underperforming, with a consecutive fall over the last five days resulting in a total decline of 5.36%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has a negative book value and high debt levels, with a debt-to-equity ratio averaging 2.30 times, which raises concerns about its long-term viability. Additionally, the company reported a significant loss of Rs -263.00 crore, a 58.9% decrease in profit after tax, and has consistently underperformed against benchmarks over the past year, generating a return of -38.44%.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-week return of -5.36% compared to the Sensex's decline of only -0.51%. This consistent underperformance highlights investor skepticism, as evidenced by the low stake of domestic mutual funds at just 0.45%, suggesting a lack of confidence in the company's prospects. Despite a rise in delivery volume, indicating some investor interest, the overall sentiment remains negative due to the company's weak fundamentals and poor growth outlook.