Why is Uttam Sug.Mills falling/rising?

As of 18-Sep, Uttam Sugar Mills Ltd is experiencing a price increase, currently at Rs 269.40, reflecting a rise of Rs 6.4 or 2.43%. The stock has shown positive performance today, outperforming its sector by 1.84% and achieving consecutive gains over the last two days with a total return of 2.69%. Additionally, the stock has performed well over the past month, with a return of 9.69%, although it has seen a decline of 20.64% over the past year. The stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, indicating a generally positive trend, although it remains below the 100-day moving average. However, there has been a notable decrease in investor participation, with delivery volume falling by 46.8% compared to the 5-day average.
In the broader market context, the stock's short-term performance over the past week shows a return of 1.68%, which is slightly below the benchmark Sensex's return of 1.80%. Over the past month, while Uttam Sugar Mills has gained 9.69%, the Sensex has outperformed with a return of 2.14%. This suggests that while the stock is currently rising, it is not keeping pace with the overall market. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.03 crore. Overall, the combination of recent gains, positive short-term performance, and declining investor participation may be contributing to the stock's upward movement, despite its longer-term challenges.