Why is Godavari Bioref. falling/rising?

As of 16-Oct, Godavari Biorefineries Ltd is experiencing a significant rise in its stock price, currently at 263.45, reflecting an increase of 23.95 or 10.0%. The stock has outperformed its sector today by 9.63% and has shown a consecutive gain over the last two days, with a total return of 13.09% during this period. Despite this positive short-term performance, the stock has a mixed longer-term outlook, with a decline of 10.22% over the past month and a year-to-date decrease of 16.13%. The company's fundamentals are concerning, as it has reported a substantial drop in profits over the past year, with a return on capital employed (ROCE) of only 4, indicating an attractive valuation but overshadowed by weak financial performance. Additionally, the company has a high debt to EBITDA ratio of 4.88 times, suggesting low ability to service its debt, which may contribute to investor caution.
In the broader market context, the stock's short-term performance of +5.76% over the past week significantly outpaces the Sensex, which has only increased by 1.58% during the same period. However, the stock's long-term performance is less favorable, with a negative return of -10.22% over the last month compared to the Sensex's modest gain of +1.32%. The falling participation from institutional investors, who have reduced their stake by -0.52%, further complicates the outlook, as these investors typically have better resources to assess the company's fundamentals. Overall, while the recent price increase may attract attention, the underlying financial weaknesses and declining institutional interest suggest caution moving forward.