Why is Andhra Sugars falling/rising?

As of 11-Aug, Andhra Sugars Ltd's stock price is rising, currently at Rs 80.98, reflecting an increase of Rs 2.33 or 2.96%. The stock has shown a positive performance today, outperforming its sector by 0.69%, and has been on a consecutive gain for the last two days, accumulating a total return of 8.05% during this period. The stock opened with a gain of 3.48% and reached an intraday high of Rs 85.72. Despite this recent uptick, the stock has had a mixed performance over longer periods, with a 1-week return of +5.48% but a year-to-date decline of -16.08%. The company has a low debt-to-equity ratio, which is a positive sign, and has reported strong financial results, including the highest net sales and debtors turnover ratio in recent quarters. However, the company also faces challenges such as low return on equity and poor long-term growth, which may temper investor enthusiasm.
In the broader market context, Andhra Sugars' recent short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of -0.51% over the past week. While the stock has outperformed the benchmark in the short term, it has consistently underperformed over longer periods, including a -26.68% return over the past year compared to the Sensex's +1.13%. This consistent underperformance may be a concern for investors, particularly given the low domestic mutual fund interest in the company, indicating a lack of confidence in its long-term prospects. Overall, while the stock is experiencing a short-term rise, its long-term challenges and historical performance against the benchmark suggest caution.