Why is Simbhaoli Sugar falling/rising?

As of 19-Nov, Simbhaoli Sugars Ltd is experiencing a decline in its stock price, currently at Rs. 10.47, which reflects a decrease of Rs. 0.3 or 2.79%. The stock has hit a new 52-week low of Rs. 10.24 today and has been on a downward trend, having fallen for the last five consecutive days, resulting in a total return of -12.6% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish sentiment. There has also been a significant drop in investor participation, with delivery volume plummeting by 75.29% compared to the 5-day average, suggesting a lack of interest from investors.
In the broader market context, Simbhaoli Sugars' performance has been notably poor compared to the benchmark Sensex, which has gained 0.85% over the past week while the stock has lost 12.60%. Over the past month, the stock has decreased by 20.92%, contrasting sharply with the Sensex's increase of 1.47%. Year-to-date, the stock has underperformed significantly, with a decline of 44.63% compared to the Sensex's rise of 9.02%. This stark contrast highlights the challenges faced by Simbhaoli Sugars in attracting investor confidence amidst a generally positive market environment.