Why is Dalmia Bharat falling/rising?

As of 01-Aug, Dalmia Bharat Sugar & Industries Ltd is currently priced at 374.10, reflecting an increase of 4.1 (1.11%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement today, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Additionally, the stock has underperformed against the benchmark Sensex over the past week and month, with returns of -1.44% and -6.42%, respectively. While the company has a strong ability to service debt and an attractive valuation with a low PEG ratio of 0.2, it has also faced challenges such as poor long-term growth and a significant decline in quarterly profits, which may contribute to investor caution.
In the broader market context, Dalmia Bharat's recent performance contrasts with the Sensex, which has seen a smaller decline of -1.06% over the past week. The stock's underperformance against the benchmark over the last three years, coupled with minimal domestic mutual fund interest, suggests a lack of confidence among institutional investors. This context of consistent underperformance, alongside flat results in recent quarters, may weigh on investor sentiment, despite the stock's current uptick. Overall, while today's price movement is positive, the underlying factors indicate a complex situation for Dalmia Bharat that could influence future performance.