Why is Simbhaoli Sugar falling/rising?

As of 23-Sep, Simbhaoli Sugars Ltd is experiencing a decline in its stock price, currently at 13.79, reflecting a decrease of 0.14 or 1.01%. The stock has been on a downward trend, having lost 1.57% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown poor performance over various time frames, with a 1-week return of -4.90% and a year-to-date decline of 27.08%. The company's financial health is concerning, as it has a negative book value and has reported a significant drop in net sales and profits, indicating weak long-term fundamental strength.
In the broader market context, the Sensex has only declined by 0.34% over the past week, suggesting that Simbhaoli Sugars' performance is underperforming relative to the benchmark. The stock's liquidity appears to be low, with a drastic fall in delivery volume, indicating reduced investor participation. This lack of interest, combined with the company's high debt levels and negative financial results, contributes to a negative outlook for the stock, reinforcing its status as a risky investment.