Why is UR Sugar falling/rising?

As of 15-Jul, UR Sugar Industries Ltd is experiencing a price increase, with its current price at 6.57, reflecting a change of 0.52 or 8.6% upward. The stock has shown a positive performance today, outperforming its sector by 7.42% and achieving consecutive gains over the last two days, resulting in a total return of 9.5% during this period. However, despite these gains, the stock's year-to-date performance remains significantly negative at -31.56%, and it has underperformed the benchmark Sensex over various time frames, including a substantial decline of -53.93% over the past year. Notably, the stock's delivery volume has decreased by 66.21% compared to the 5-day average, indicating a drop in investor participation, which could impact future price movements.
In the broader market context, UR Sugar's short-term performance of +6.83% over the past month contrasts with the Sensex's modest gain of +1.79%, suggesting that the stock has been gaining traction relative to the market. However, the stock's long-term performance remains concerning, as it has significantly lagged behind the benchmark over the past year and three years. The liquidity of the stock appears adequate for trading, but the declining delivery volume may signal caution among investors. Overall, while the recent price increase reflects positive short-term sentiment, the broader negative trends in performance and investor participation could pose challenges ahead.