Why is Godavari Bioref. falling/rising?

As of 03-Jul, Godavari Biorefineries Ltd's stock price is currently at Rs 246.95, reflecting an increase of 1.25 (0.51%). The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite touching an intraday low of Rs 236.5 earlier in the day, it has outperformed its sector by 0.66%. Over the past week, the stock has decreased by 0.42%, and it has significantly underperformed the benchmark Sensex over the last month, with a decline of 12.58% compared to the Sensex's increase of 3.10%. Positive financial results reported for March 25, including a notable operating profit to interest ratio and a substantial growth in net sales, contribute to a more attractive valuation, although the stock's profits have seen a drastic decline of 357% over the past year.
Broader Market Context: In the context of the broader market, Godavari Biorefineries Ltd's recent performance contrasts with the Sensex, which has gained 6.53% year-to-date while the stock has fallen by 21.38%. This divergence indicates that while the company is experiencing some positive movements today, it has struggled significantly over a longer period compared to the overall market. The rising investor participation, as indicated by an increase in delivery volume, may suggest a potential recovery or renewed interest in the stock, but the overall negative trend in returns highlights ongoing challenges for the company in the current market environment.