Why is Uttam Sug.Mills falling/rising?

As of 02-Sep, Uttam Sugar Mills Ltd's stock price is currently at 268.20, reflecting an increase of 4.85, or 1.84%. Today's price summary indicates that the stock opened with a gain of 4.42% and reached an intraday high of Rs 299, marking a significant recovery after two consecutive days of decline. However, it has underperformed its sector by 3.74%. Over the past week, the stock has shown a return of +2.48%, while its performance over the last month is +3.43%. Despite a year-to-date increase of 2.96%, the stock has faced challenges, including a -23.91% return over the past year. Positive factors contributing to the recent price movement include strong quarterly results, with significant growth in profit before tax, profit after tax, and net sales. However, the company also faces negative factors such as a high Debt to EBITDA ratio, indicating low ability to service debt, and poor long-term growth metrics.
In the broader market context, Uttam Sugar Mills has outperformed the Sensex in the short term, with a 1-week return of +2.48% compared to the Sensex's -0.78%. This short-term outperformance may reflect a temporary positive sentiment in the sugar sector, which has gained by 4.66%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over various time frames, including the last three years. The lack of domestic mutual fund investment may signal caution among institutional investors regarding the company's long-term prospects, despite its attractive valuation relative to peers.