Why is KM Sugar Mills falling/rising?

As of 07-Aug, KM Sugar Mills Ltd is currently priced at 26.68, reflecting an increase of 0.33 or 1.25%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. Despite this uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 58.23% against the 5-day average, indicating a growing interest in the stock. However, the stock has underperformed in the longer term, with a year-to-date decline of 13.38% and a one-year drop of 31.59%, contrasting sharply with the Sensex's positive performance.
In the broader market context, KM Sugar Mills has underperformed relative to the benchmark Sensex over the past week and month, with declines of 1.40% and 7.84%, respectively, compared to the Sensex's losses of 0.69% and 3.38%. This suggests that while the stock is experiencing a short-term rebound, its overall performance remains weak compared to the market. The significant outperformance of the stock today by 1.78% against its sector indicates a potential shift in sentiment, but the longer-term trends highlight ongoing challenges for KM Sugar Mills in a recovering market.