Why is Magadh Sugar falling/rising?

As of 24-Jul, Magadh Sugar & Energy Ltd is experiencing a decline in its stock price, currently at 589.00, which reflects a decrease of 1.8 or 0.3%. The stock has been on a downward trend, losing value for the last six consecutive days and showing a significant drop of 11.05% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, there has been a rise in investor participation, with delivery volume increasing by 8.43% against the 5-day average. The company has also reported a high dividend yield of 4.65%, which may attract some investors. However, the stock has underperformed over the past year, with a return of -28.00%, and its profits have decreased by 6%, suggesting underlying challenges despite some positive operational metrics.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.16% over the past month. While Magadh Sugar has faced a decline of 9.52% in the same timeframe, the broader market remains relatively stable. This disparity highlights the stock's struggles compared to the overall market performance, which may be influenced by the company's recent negative quarterly results prior to the latest positive declaration. Although the company has shown improvements in operating profit and net sales, the overall sentiment remains cautious, reflected in the stock's continued decline against a backdrop of a generally stable market.