Why is Dalmia Bharat falling/rising?

As of 02-Sep, Dalmia Bharat Sugar & Industries Ltd is currently priced at 379.90, reflecting an increase of 5.55 (1.48%). The stock has shown a positive trend recently, gaining 1.51% over the last two days, although it underperformed its sector by 3.27% today. The stock reached an intraday high of Rs 404.3, indicating some volatility. Despite a year-to-date return of 4.54%, the stock has struggled over the past year with a decline of 21.81%. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.10 times and an attractive valuation with a Price to Book Value of 1, suggests some underlying strength. However, the stock's long-term growth prospects are hindered by a declining operating profit and poor performance in recent quarters, which may contribute to investor caution.
In the broader market context, Dalmia Bharat's short-term performance has been more favorable than the benchmark, with a 1.70% gain over the past week compared to a 0.78% decline in the Sensex. However, the stock's consistent underperformance against the benchmark over the last three years, along with a significant drop in domestic mutual fund holdings, indicates a lack of confidence among institutional investors. The sugar sector has seen a gain of 4.66%, which contrasts with Dalmia Bharat's recent struggles, highlighting the challenges the company faces in regaining investor trust amidst rising raw material costs and declining profits.