Why is Mawana Sugars falling/rising?

As of 09-Sep, Mawana Sugars Ltd is experiencing a price increase, currently at Rs 94.10, reflecting a rise of 3.88 (4.3%). Today's performance indicates that the stock has outperformed its sector by 5.46% and has gained after three consecutive days of decline, reaching an intraday high of Rs 98. Despite this positive movement, the stock has shown a year-to-date decline of 4.47% and a significant drop of 20.36% over the past year. The company has a high dividend yield of 4.43%, and while institutional investors have increased their stake, the stock's recent performance is tempered by a high Debt to EBITDA ratio of 3.87 times and declining profitability metrics, including a negative profit before tax and profit after tax in the latest quarter.
In the broader market context, Mawana Sugars' short-term return of 3.23% over the past week significantly outpaces the Sensex's return of 1.18% in the same period. However, the stock's long-term performance has been less favorable, with a 20.36% decline over the past year compared to a slight decrease of 0.56% in the Sensex. This contrast highlights the stock's volatility and challenges in maintaining investor confidence despite recent gains. The combination of a healthy long-term growth outlook and increasing institutional participation suggests potential for recovery, but the company's high debt levels and recent financial struggles remain critical concerns for investors.