Why is Dhampur Sugar falling/rising?

As of 15-Sep, Dhampur Sugar Mills Ltd's stock price is currently at Rs 136.20, reflecting an increase of 1.35 or 1.0%. Today, the stock opened with a significant gain of 9.08%, reaching an intraday high of Rs 147.1, but has shown high volatility with an intraday fluctuation of 6.82%. Despite this positive movement today, the stock has underperformed over the longer term, with a year-to-date decline of 15.67% and a one-year drop of 36.18%. The company's weak long-term fundamentals, including a -18.05% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.08 times, contribute to a cautious outlook. Additionally, the stock is trading at a discount compared to its peers, but the significant drop in profits by -43.1% over the past year raises concerns.
In the broader market context, the stock's short-term performance of +0.37% over the past week is notably lower than the Sensex's gain of +1.24% during the same period. While the stock has outperformed its sector by 0.57% today, the overall trend indicates a struggle to keep pace with the benchmark indices. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and business prospects, further highlighting the challenges it faces in regaining investor trust amidst its recent price movements.