Why is Sh.Renuka Sugar falling/rising?

As of 30-Sep, Shree Renuka Sugars Ltd's stock price is currently at 29.75, reflecting a decrease of 0.51, or 1.69%. The stock has underperformed its sector today by 1.52%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a decline of 5.25%, while it has shown a modest increase of 4.98% over the last month. However, the longer-term outlook is concerning, with a year-to-date drop of 24.59% and a staggering 45.42% decline over the past year. The company's negative book value, high debt-to-equity ratio of 2.30, and significant losses in net sales and profit after tax indicate weak long-term fundamentals, contributing to investor apprehension.
Broader Market Context: In comparison to the benchmark, the Sensex has declined by only 2.23% over the past week, highlighting the stock's significant underperformance. While the stock has seen a rise in investor participation, with delivery volume increasing by 329.57% against the 5-day average, the overall sentiment remains negative due to the company's financial struggles and the lack of confidence from domestic mutual funds, which hold only 0.45% of the company. This consistent underperformance against the benchmark over the last three years further emphasizes the challenges faced by Shree Renuka Sugars Ltd in attracting investor interest and stabilizing its stock price.