Why is Ugar Sugar Works falling/rising?

As of 01-Jul, Ugar Sugar Works Ltd. is experiencing a decline in its stock price, currently at Rs 49.77, which reflects a decrease of Rs 1.96 or 3.79%. The stock has underperformed its sector by 3.95% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 49.2, indicating a significant drop of 4.89%. Over the past week, the stock has shown a positive return of 8.03%, but it has a year-to-date decline of 28.01% and a one-year return of -40.41%. Despite some positive financial indicators, such as a 72.2% growth in net sales and increased promoter confidence with a 1.81% stake increase, the stock's performance is hindered by high debt levels and poor long-term growth prospects, with operating profit declining at an annual rate of 24.94% over the last five years.
In the broader market context, Ugar Sugar Works' recent performance contrasts with the Sensex, which has gained 2.00% over the past week. While the stock has shown some short-term recovery, its long-term performance remains concerning, particularly with a significant drop in profits and a negative return compared to the benchmark indices over various periods. The stock's liquidity appears adequate for trading, but the overall sentiment is affected by its high debt-to-equity ratio and underperformance relative to both the sector and the broader market, leading to a cautious outlook among investors.