Why is Simbhaoli Sugar falling/rising?

As of 22-Sep, Simbhaoli Sugars Ltd is currently priced at 13.93, reflecting a decrease of 0.08 or 0.57%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 61.09% compared to the 5-day average. The company has reported negative financial results, including a 21.27% decline in net sales and a substantial drop in pre-tax and net profits, which have fallen by 166.56% and 172.79%, respectively. The stock's negative book value and high debt levels further contribute to its weak long-term fundamentals, leading to a poor performance with a year-to-date return of -26.34% and a one-year return of -47.19%.
In the broader market context, Simbhaoli Sugars has underperformed the benchmark Sensex, which has gained 5.15% year-to-date, while the stock has seen a decline of 26.34%. Over the past week and month, the stock has also lagged behind the benchmark, with returns of -5.11% and -10.07%, respectively, contrasting sharply with the Sensex's positive performance. This underperformance in both short-term and long-term metrics, combined with the company's financial struggles, positions Simbhaoli Sugars as a risky investment, contributing to its declining stock price.