Why is Dhampur.Spl.Sug. falling/rising?

As of 01-Jul, Dhampure Speciality Sugars Ltd's stock price is currently at Rs 99.70, reflecting an increase of Rs 4.85 or 5.11%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 7.73% during this period. It outperformed its sector by 4.95% today and reached an intraday high of Rs 103.5. Despite this positive movement, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 58.03% compared to the five-day average. The company has reported strong financial results over the last three quarters, with a remarkable growth in profit after tax and net sales, which may have contributed to the stock's recent rise.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 7.67% and 10.35%, respectively, compared to the benchmark's 2.00% and 2.76%. However, the stock's year-to-date performance shows a decline of 14.75%, contrasting with the Sensex's gain of 7.11%. While the stock has shown impressive long-term growth over three and five years, concerns about its weak long-term fundamental strength, indicated by a low return on equity and poor EBIT to interest ratio, may temper investor enthusiasm. The stock's valuation appears expensive relative to its peers, despite its recent positive performance, suggesting that while current movements are upward, underlying challenges remain.