Why is SBEC Sugar falling/rising?

As of 04-Aug, SBEC Sugar Ltd is experiencing a price increase, currently at Rs 42.83, reflecting a rise of 1.82 or 4.44%. Today's price summary indicates that the stock has outperformed its sector by 3.06% and has gained after three consecutive days of decline. Despite opening with a loss of 5%, the stock reached an intraday high of Rs 43.06, demonstrating significant volatility with a wide trading range of Rs 4.1. However, it remains below all key moving averages and has seen a decrease in delivery volume, indicating falling investor participation.
In the broader market context, the stock's performance over the past week shows a slight decline of 0.42%, while the Sensex has increased by 0.16%. Over the past month, SBEC Sugar has significantly underperformed, with a decline of 23.56% compared to the Sensex's drop of only 2.89%. Year-to-date, the stock is down 26.79%, contrasting sharply with the Sensex's gain of 3.69%. This underperformance highlights the challenges SBEC Sugar faces in the current market environment, despite today's positive movement.