Why is Bannari Amm.Sug. falling/rising?

As of 11-Sep, Bannari Amman Sugars Ltd is currently priced at 3,665.05, reflecting an increase of 17.15 or 0.47%. The stock has shown a positive trend over the last two days, gaining 0.76% during this period. However, it has underperformed its sector by 0.7% today. Despite touching an intraday high of Rs 3750, the stock's moving averages indicate a mixed performance, being higher than the 5-day moving average but lower than the longer-term averages. The stock's performance over the past year has been relatively strong, generating an 8.29% return, even as its profits have declined by 21.8%. This suggests that while the stock has been able to outperform the broader market, there are underlying concerns regarding its profitability and long-term growth potential.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has increased by 1.03% over the past week. The overall market has shown resilience, with the BSE500 generating negative returns of -2.29% in the last year, while Bannari Amman Sugars has managed to achieve positive returns. However, the company faces challenges such as weak long-term fundamental strength, indicated by a -1.49% CAGR growth in operating profits over the last five years and a low return on equity. Additionally, the lack of domestic mutual fund investment may reflect a lack of confidence in the stock's valuation, further complicating its market position.