Why is Dwarikesh Sugar falling/rising?

As of 18-Aug, Dwarikesh Sugar Industries Ltd is currently priced at 39.60, reflecting an increase of 0.95 or 2.46%. The stock has shown a trend reversal, gaining after eight consecutive days of decline. However, it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Over the past year, the stock has generated a return of -44.98%, with profits falling by 28.7%. Despite its attractive valuation with a ROCE of 2.2 and trading at a discount compared to peers, the stock's long-term growth prospects appear poor, as evidenced by a -9.81% annual decline in operating profit over the last five years.
In the broader market context, Dwarikesh Sugar has underperformed against the benchmark, with a -19.03% return over the past month compared to a -0.59% return for the Sensex. The stock's recent performance has outpaced its sector by 2.98%, but this is overshadowed by a consistent underperformance against the BSE500 over the last three years. Additionally, the falling investor participation, with a 17.39% drop in delivery volume, suggests a lack of confidence among investors, further complicating the stock's recovery despite today's positive movement.