Why is Rana Sugars falling/rising?

As of 31-Jul, Rana Sugars Ltd is experiencing a decline in its stock price, currently at 14.45, reflecting a decrease of 0.05 or 0.34%. The stock has underperformed in the short term, with a 1-week return of -4.11% and a 1-month return of -10.42%. Today's price summary indicates that the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 45.16% compared to the 5-day average. Despite these challenges, the company has reported positive results for March 2025, with strong operating profit and net sales, suggesting a potential for recovery. The stock is also trading at a discount compared to its peers, with a favorable PEG ratio of 0.1, indicating attractive valuation metrics.
In the broader market context, Rana Sugars' performance has been notably weaker than the benchmark Sensex, which has shown a slight decline of 1.22% over the past week. The stock's year-to-date performance is particularly concerning, with a decline of 23.06%, while the Sensex has gained 3.90% in the same period. This stark contrast highlights the challenges faced by Rana Sugars in attracting investor confidence, despite its recent operational improvements. The majority of shareholders being non-institutional may also contribute to the stock's volatility and lack of institutional support, further complicating its market position.