Why is Andhra Sugars falling/rising?

As of 14-Jul, Andhra Sugars Ltd is experiencing a price increase, with its current price at 82.39, reflecting a change of 0.67 (0.82%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, despite this short-term uptick, the stock has underperformed in the longer term, with a year-to-date return of -14.62% and a one-year return of -32.63%. The stock's performance today is in line with the sector, but it has seen a significant drop in investor participation, with delivery volume falling by 36.93% against the five-day average. Additionally, the company has a low Debt to Equity ratio, which is a positive aspect, but its poor management efficiency, indicated by a low Return on Equity (ROE) of 9.36% and declining operating profits, raises concerns about its profitability and long-term growth potential.
In the broader market context, Andhra Sugars' short-term performance of -0.50% over the past week contrasts with the benchmark Sensex, which has declined by 1.42%. While the stock has gained in the last month by 9.55%, it still lags behind the benchmark's performance over the same period. The consistent underperformance against the benchmark over the last three years, coupled with a lack of domestic mutual fund investment, suggests a lack of confidence in the company's future prospects. Overall, despite the recent price increase, the underlying fundamentals and market sentiment indicate ongoing challenges for Andhra Sugars Ltd.