Why is Dwarikesh Sugar falling/rising?

As of 23-Oct, Dwarikesh Sugar Industries Ltd is experiencing a price increase, with its current price at Rs 45.41, reflecting a rise of Rs 1.18 or 2.67%. The stock has shown strong performance recently, gaining 6.37% over the last three days and outperforming its sector by 1.96% today. It opened with a gain of 2.4% and reached an intraday high of Rs 45.95, indicating positive momentum. However, there is a notable decline in investor participation, as the delivery volume has decreased by 56.71% compared to the five-day average, which could be a concern for sustained growth. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend despite its year-to-date decline of 19.00% and a significant drop of 31.05% over the past year.
In the broader market context, Dwarikesh Sugar's short-term return of 4.41% over the past week significantly outpaces the Sensex, which has only increased by 1.30% in the same period. This indicates that while the stock is currently on an upward trajectory, it has underperformed the benchmark over longer time frames, such as year-to-date and one-year returns. The recent gains may reflect a recovery phase, but the substantial declines over the longer term highlight the challenges the company faces in regaining investor confidence.