Why is Sh.Renuka Sugar falling/rising?

As of 25-Aug, Shree Renuka Sugars Ltd's stock price is currently at 29.39, reflecting an increase of 0.4 or 1.38%. The stock has shown a trend reversal by gaining after two consecutive days of decline and has outperformed its sector by 0.94%. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 4.83% and a significant year-to-date drop of 25.50%. The company's financial health is concerning, as it has a negative book value and high debt levels, with a debt-to-equity ratio of 2.30. Recent financial results indicate a substantial fall in net sales and profits, which raises red flags for investors regarding its long-term viability.
Broader market context shows that while Shree Renuka Sugars has gained in the short term, the benchmark Sensex has only increased by 0.45% over the past week, indicating that the stock's recent performance is relatively strong compared to the broader market. However, the stock has consistently underperformed against the benchmark over the last three years, with a one-year return of -37.68% compared to the Sensex's modest gain of 0.68%. The low participation from domestic mutual funds, holding only 0.45% of the company, suggests a lack of confidence in the stock's future prospects, further contributing to its volatile performance.