Why is Gayatri Sugars falling/rising?

As of 26-Sep, Gayatri Sugars Ltd's stock price is currently at 11.53, reflecting an increase of 0.54 or 4.91%. The stock has been gaining momentum, having outperformed its sector by 7.53% today and achieving a consecutive gain over the last two days with an overall return of 8.67% in that period. However, despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 13.24% and a staggering 45.10% drop over the past year. The company faces significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Recent financial results show a drastic fall in net sales and a substantial loss in profit, further complicating its outlook.
Broader market context indicates that while the stock has shown some short-term resilience, it still lags behind the broader market, which has seen a decline of 2.66% over the past week. The sugar sector itself has also faced a downturn, falling by 2.58%. The stock's performance is particularly concerning given that 39.6% of promoter shares are pledged, which can exert additional downward pressure in a declining market. Overall, while there are signs of short-term recovery, the long-term fundamentals and broader market conditions suggest a cautious outlook for Gayatri Sugars Ltd.