Why is Magadh Sugar falling/rising?

As of 07-Jul, Magadh Sugar & Energy Ltd's stock price is currently at 648.15, reflecting an increase of 4.1 (0.64%). The stock has been gaining for the last two days, with a total return of 1.69% during this period. It opened with a gain of 2.01% today and reached an intraday high of Rs 676.85, marking a 5.09% increase. However, despite this recent uptick, the stock has underperformed its sector by 0.48% today and has seen a significant decline of 12.88% over the past month. The company has reported positive results for the first quarter of 2025 after three consecutive negative quarters, with notable growth in operating profit and net sales, which may have contributed to the recent price increase. Nevertheless, the stock's performance over the past year remains negative at -14.55%, indicating ongoing challenges despite the recent positive developments.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has increased by 1.53% over the past month. While Magadh Sugar's year-to-date return is slightly positive at 1.48%, it still lags behind the Sensex's 6.79% gain. The stock's liquidity appears adequate for trading, but a notable decline in investor participation, with a 42.22% drop in delivery volume, raises concerns about sustained interest. Overall, while recent positive financial results may have provided a temporary boost to the stock price, the broader trends and historical performance suggest that investors remain cautious.