Why is Mawana Sugars falling/rising?

As of 01-Sep, Mawana Sugars Ltd is currently priced at 88.50, reflecting an increase of 0.7, or 0.8%. The stock has shown a trend reversal by gaining after six consecutive days of decline, outperforming its sector by 0.43% today. However, it is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 0.95%, and it has experienced a significant decline of 31.48% over the past year, despite a healthy long-term growth in operating profit at an annual rate of 57.46%. The company also boasts a high dividend yield of 4.56%, which may attract investors, but it faces challenges such as a high Debt to EBITDA ratio of 3.87 times and a low return on equity of 6.51%, suggesting profitability concerns.
In the broader market context, Mawana Sugars has underperformed the Sensex, which has gained 2.85% year-to-date, while the stock has dropped 10.15% in the same period. The stock's recent performance is contrasted by an increase in institutional investor participation, which may provide some support. However, the overall sentiment remains cautious due to the company's declining profitability metrics, including a significant drop in profit before tax and profit after tax compared to previous quarters. This combination of factors indicates that while there may be some short-term gains, the long-term outlook remains challenging, contributing to the stock's volatility in the current market environment.