Why is Andhra Sugars falling/rising?

As of 26-Jun, Andhra Sugars Ltd's stock price is currently at Rs 83.58, reflecting an increase of Rs 3.2 or 3.98%. The stock has shown a strong performance recently, gaining 13.08% over the last three days and outperforming its sector by 1.77%. Despite this recent uptick, the stock has a mixed performance history, with a year-to-date decline of 13.39% and a significant drop of 28.59% over the past year. The company's low debt-to-equity ratio is a positive factor, but it faces challenges such as poor management efficiency indicated by a low return on equity (ROE) of 9.36% and a concerning annual operating profit decline of 34.95% over the last five years. Additionally, the stock is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, Andhra Sugars has outperformed the Sensex in the short term, with a 12.04% return over the past week compared to the benchmark's 2.94%. However, the stock's long-term performance remains troubling, as it has consistently underperformed against the benchmark over the last three years, with a staggering 32.57% decline. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further complicating its market position. While the recent price increase may attract some short-term interest, the underlying issues regarding profitability and growth potential continue to pose significant risks.