Why is Dwarikesh Sugar falling/rising?

As of 27-Jun, Dwarikesh Sugar Industries Ltd is experiencing a price increase, currently at Rs 49.81, reflecting a rise of 1.38 (2.85%). The stock has shown a strong performance today, outperforming its sector by 2.36% and reaching an intraday high of Rs 50.73, which is a 4.75% increase. Over the past week, the stock has gained 7.23%, while its one-month return stands at 5.33%. However, it is important to note that the stock has underperformed significantly over the longer term, with a year-to-date decline of 11.15% and a one-year return of -31.95%. Despite a strong ability to service debt and positive quarterly results, the stock's long-term growth prospects appear poor, as indicated by a negative annual growth rate in operating profit and a lack of investment from domestic mutual funds.
In the broader market context, Dwarikesh Sugar's short-term performance has outpaced the Sensex, which has only increased by 2.00% over the same week. However, the stock's long-term underperformance is stark, with a three-year decline of 51.45% compared to the Sensex's gain of 58.12%. This consistent underperformance against the benchmark raises concerns about investor confidence, especially given the significant drop in profits over the past year. Overall, while the recent price movement shows some positive momentum, the long-term outlook remains challenging, reflecting a complex interplay of strong short-term performance against a backdrop of declining profitability and investor interest.