Why is Piccadily Agro falling/rising?

As of 02-Sep, Piccadily Agro Industries Ltd is currently priced at Rs 603.00, reflecting an increase of Rs 9.85 or 1.66%. The stock has been gaining for the last two days, with a total return of 3.46% during this period. However, it underperformed its sector by 3.09% today. The stock's performance over the past week shows a modest gain of 1.44%, but it has declined by 4.51% over the past month. Despite the recent uptick, the stock has faced significant challenges, including negative financial results reported for June, with a substantial drop in profit before tax and profit after tax compared to previous quarters. The stock's valuation appears expensive relative to its return on capital employed, and it has underperformed the market over the past year, with a return of -24.13%.
In the broader market context, while the Sensex has shown a slight decline of 0.78% over the past week, Piccadily Agro's recent performance has been more favorable in the short term. The sugar sector, in which the company operates, has gained by 4.65%, indicating some positive momentum in the industry. However, the stock's year-to-date performance remains concerning, with a decline of 33.70% compared to the Sensex's gain of 2.58%. This disparity highlights the challenges faced by Piccadily Agro amidst a generally stable market environment, suggesting that investor sentiment may still be cautious despite the recent price increase.