Why is Uttam Sug.Mills falling/rising?

As of 19-Sep, Uttam Sugar Mills Ltd is experiencing a price increase, currently at Rs 271.20, reflecting a rise of 1.8 (0.67%). The stock has shown a positive performance today, outperforming its sector by 0.8%, and has been on a gaining streak for the last three days, accumulating a total return of 3.37% during this period. Additionally, the stock's performance over the past week and month has been strong, with returns of +2.94% and +8.48%, respectively. Despite a year-over-year decline of -18.72%, the recent quarterly results have been promising, with significant growth in profit before tax and net sales, indicating a potential turnaround which may be contributing to the stock's upward movement.
In the broader market context, Uttam Sugar Mills has outperformed the Sensex in the short term, with a 1-week return of +2.94% compared to the Sensex's +0.88%. This suggests that investor sentiment towards the stock is improving relative to the overall market. The rising investor participation, evidenced by an 89.44% increase in delivery volume, further supports this positive trend. However, it is important to note that while the stock is trading at a discount compared to its peers, its profits have declined over the past year, which could temper long-term investor confidence.