Why is Simbhaoli Sugar falling/rising?

As of 18-Sep, Simbhaoli Sugars Ltd is experiencing a decline in its stock price, currently at 13.80, reflecting a decrease of 0.49 or 3.43%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total drop of 5.99%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock has also shown poor performance over various periods, with a year-to-date decline of 27.02% and a staggering 46.92% drop over the past year. The company's negative book value and weak long-term fundamentals, including a high debt-to-equity ratio and declining net sales, contribute to its current struggles.
In the broader market context, Simbhaoli Sugars has underperformed compared to the Sensex, which has gained 1.80% over the past week while the stock itself has fallen by 2.13%. This trend of underperformance is consistent over longer periods, with the stock lagging behind the benchmark indices in both the short and long term. Despite a rise in investor participation, as indicated by a 72.69% increase in delivery volume, the overall sentiment remains negative due to the company's financial difficulties and lack of growth, reinforcing the stock's downward trajectory.