Why is Magadh Sugar falling/rising?

As of 23-Jun, Magadh Sugar & Energy Ltd's stock price is currently at Rs 647.50, reflecting a decrease of Rs 8.25 or 1.26%. The stock opened the day with a gain of 3.69%, reaching an intraday high of Rs 679.95, but ultimately underperformed its sector by 0.96%. Over the past week, the stock has declined by 5.36%, and over the past month, it has fallen by 9.98%. Despite a year-to-date return of 1.38%, the stock has experienced a significant decline of 18.58% over the past year. Positive results declared in March 2025, including a notable increase in operating profit and net sales, suggest potential for recovery; however, the stock's profits have decreased by 6% over the same period, contributing to investor caution.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight increase of 0.12% over the past week, Magadh Sugar's performance has been notably weaker. The stock's recent decline, coupled with falling investor participation and a significant drop in delivery volume, indicates a lack of confidence among investors. Although the stock is trading at a discount compared to its peers and has shown strong performance over the long term, the short-term volatility and negative returns relative to the benchmark suggest that investors are currently hesitant, leading to the stock's downward movement.