Why is Ugar Sugar Works falling/rising?

As of 10-Jul, Ugar Sugar Works Ltd. is experiencing a decline in its stock price, currently at 49.00, reflecting a decrease of 0.84 or 1.69%. The stock has underperformed its sector by 1.85% today and has seen a consecutive fall over the last two days, resulting in a total decline of 2.95%. Over the past week, the stock has dropped by 1.41%, and its year-to-date performance shows a significant decline of 29.12%. Despite some positive financial indicators, such as a higher PAT and operating profit to interest ratio, the stock's overall performance has been negatively impacted by a substantial drop in profits and a high debt-to-equity ratio, leading to concerns about long-term growth.
In the broader market context, Ugar Sugar Works has underperformed compared to the Sensex, which has shown a slight decline of only 0.06% over the past week. The stock's year-over-year return of -40.05% starkly contrasts with the Sensex's positive return of 4.09%, highlighting the stock's struggles in a generally stable market. Additionally, the recent decrease in investor participation, with a significant drop in delivery volume, suggests waning interest among investors, further contributing to the stock's downward trajectory.