Why is Vishwaraj Sugar falling/rising?

As of 07-Jul, Vishwaraj Sugar Industries Ltd is experiencing a decline in its stock price, currently at 9.87, reflecting a decrease of 0.12 or 1.2%. The stock has underperformed its sector today by 2.32%, and while it is trading higher than the 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 0.71%, but it has significantly underperformed over longer periods, with a year-to-date decline of 33.58% and a staggering 42.82% drop over the past year. The company's weak long-term fundamentals, characterized by a -168.48% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 4.22 times, contribute to its negative outlook. Additionally, the stock's profitability is low, as indicated by an average Return on Equity of 7.63%, and a significant decline in profits by -378% over the past year further exacerbates investor concerns.
In the broader market context, the Sensex has shown a positive return of 6.79% year-to-date, contrasting sharply with Vishwaraj Sugar's substantial losses. The stock's recent performance is particularly concerning as institutional investors have reduced their stakes by 0.68% in the last quarter, indicating a lack of confidence in the company's prospects. This trend of falling participation from institutional investors, combined with consistent underperformance against the benchmark over the last three years, suggests that the market sentiment remains negative towards Vishwaraj Sugar. Overall, the combination of weak financial performance, declining investor interest, and poor relative performance against the benchmark contributes to the stock's downward movement.