Why is Simbhaoli Sugar falling/rising?

As of 28-Aug, Simbhaoli Sugars Ltd is experiencing a decline in its stock price, currently at 14.50, reflecting a decrease of 0.2 or 1.36%. The stock has underperformed its sector today by 1.23% and has been on a consecutive downward trend for the last three days, resulting in a total drop of 6.39% during this period. Additionally, the stock is trading below all significant moving averages, indicating a bearish trend. The company has a negative book value and has shown weak long-term fundamental strength, with net sales declining at an annual rate of 0.66% and operating profit stagnating at 0% over the past five years. Recent financial results have also been disappointing, with net sales and profits falling significantly, contributing to the stock's poor performance.
In the broader market context, Simbhaoli Sugars has underperformed compared to the Sensex, with a one-week return of -4.67% against the benchmark's -2.34%. Over the past year, the stock has generated a return of -43.27%, while the Sensex has only declined by 2.08%. This stark contrast highlights the company's struggles relative to the market. Furthermore, the stock's liquidity appears to be diminishing, as evidenced by a significant drop in delivery volume, which has fallen by 53.83% against the five-day average. Overall, the combination of negative financial results, poor long-term growth prospects, and declining investor participation suggests a challenging environment for Simbhaoli Sugars Ltd.