Why is Dalmia Bharat falling/rising?

As of 19-Aug, Dalmia Bharat Sugar & Industries Ltd is currently priced at 356.00, reflecting an increase of 2.7 (0.76%). The stock has been gaining for the last three days, with a total return of 1.69% during this period. However, it opened with a loss of 3.16% today and touched an intraday low of Rs 342.15. Over the past week, the stock has underperformed its sector by 1.25%, and its one-month return shows a decline of 10.33%. Despite the recent price increase, the stock has generated a negative return of 14.94% over the past year, indicating consistent underperformance against benchmarks. The company has a low Debt to EBITDA ratio of 1.10 times, suggesting a strong ability to service debt, but its operating profit has declined at an annual rate of 3.98% over the last five years, which raises concerns about long-term growth.
Broader Market Context: In comparison to the benchmark, Dalmia Bharat's short-term performance has lagged, with a 1-week return of 0.54% against the Sensex's 1.76%. While the sugar sector has seen a gain of 2.28%, Dalmia Bharat's stock has not capitalized on this momentum, reflecting a broader trend of underperformance, as evidenced by its negative returns over the past year and the lack of significant investment from domestic mutual funds. The stock's current valuation appears attractive compared to its peers, trading at a discount, but the overall sentiment remains cautious due to its historical underperformance and recent flat results in profitability.