Why is Uttam Sug.Mills falling/rising?

As of 29-Jul, Uttam Sugar Mills Ltd's stock price is rising, currently at Rs 273.85, reflecting an increase of Rs 6.85 or 2.57%. Today's performance indicates a trend reversal, as the stock has gained after eight consecutive days of decline. It outperformed its sector by 1.57%, reaching an intraday high of Rs 273.85. However, the stock has shown a negative return of -2.89% over the past week and -9.32% over the past month. Despite these recent declines, the company reported positive results for March 2025, marking the highest net sales and operating profit in recent quarters, which may have contributed to the current price increase. Nonetheless, the stock's long-term performance remains concerning, with a -17.97% return over the past year and a high Debt to EBITDA ratio of 2.52, indicating challenges in servicing debt.
In the broader market context, while Uttam Sugar Mills has outperformed its sector today, it has underperformed the benchmark Sensex over the past week and month, which saw declines of -1.03% and -3.24%, respectively. The stock's year-to-date return of +5.12% is slightly better than the Sensex's +4.09%, but its long-term performance is significantly lagging behind, particularly over the last three years where it has generated a return of -5.42% compared to the Sensex's +41.28%. This disparity highlights the stock's struggles in maintaining investor confidence, especially given the low participation from domestic mutual funds, which may reflect a lack of comfort with the company's valuation and business prospects.