Why is SBEC Sugar falling/rising?

As of 23-Jul, SBEC Sugar Ltd's stock price is currently at 45.38, reflecting an increase of 2.16 or 5.0%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It opened with a loss of 5% but reached an intraday high of Rs 45.38, indicating some recovery. Despite this, the stock has experienced high volatility, with a wide trading range of Rs 4.32. Over the past week, the stock has outperformed its sector by 5.6%, although it has a significant decline of 26.46% over the past month and 22.43% year-to-date. Notably, investor participation has decreased, with delivery volume falling by nearly 50% compared to the five-day average, which may indicate a lack of confidence among investors. In the broader market context, SBEC Sugar's short-term performance has been notably better than the benchmark Sensex, which only increased by 0.11% over the past week. However, the stock's longer-term performance shows a stark contrast, with a year-to-date decline of 22.43% compared to the Sensex's gain of 5.87%. This suggests that while the stock is experiencing a brief recovery, it has struggled significantly over the longer term, reflecting broader challenges that may be affecting investor sentiment.