Why is Avadh Sugar falling/rising?

As of 02-Sep, Avadh Sugar & Energy Ltd's stock price is currently at 444.00, reflecting an increase of 19.85, or 4.68%. The stock has been gaining momentum, with a performance of 7.77% over the last two days and an opening gain of 2.81% today. It reached an intraday high of Rs 467.05, indicating positive short-term trading activity. However, despite this recent uptick, the stock has experienced a significant decline of 40.66% over the past year, alongside a 38.2% drop in profits. The company also faces challenges with a high Debt to EBITDA ratio of 4.48 times, indicating a low ability to service its debt, which could weigh on investor sentiment.
In the broader market context, Avadh Sugar's short-term return of +4.74% over the past week contrasts sharply with the Sensex, which has declined by 0.78% in the same period. This suggests that the stock is performing better than the overall market recently. However, the company's long-term performance remains concerning, as it has consistently underperformed against benchmarks over the last three years, including a -13.45% return year-to-date compared to a +2.58% gain in the Sensex. The low participation from domestic mutual funds, holding only 0.03% of the company, further indicates a lack of confidence in its future prospects, despite its attractive valuation relative to peers.