Why is Vishwaraj Sugar falling/rising?

As of 02-Sep, Vishwaraj Sugar Industries Ltd is experiencing a price increase, currently at 9.74, with a change of 0.35, representing a rise of 3.73%. The stock has been gaining for the last two days, accumulating a total return of 13.12% during this period. However, despite this recent uptick, the stock has underperformed its sector by 1.02% today. Over the past week, it has shown a positive return of 10.93%, contrasting with the Sensex, which has declined by 0.78%. Nonetheless, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of 4.22 times, indicating weak long-term fundamental strength. The recent financial performance has been troubling, with a PAT of Rs -16.39 crore, reflecting an 80.4% decline compared to the previous four-quarter average.
In the broader market context, while Vishwaraj Sugar has shown a strong short-term performance, it has consistently underperformed against the benchmark over the last three years, with a one-year return of -45.74% compared to a 2.58% gain in the Sensex year-to-date. The sugar sector as a whole has gained by 4.66%, which highlights the stock's relative weakness despite the sector's positive movement. The rising investor participation, evidenced by a significant increase in delivery volume, suggests some interest in the stock, but the overall liquidity remains modest. The company's low profitability and negative operating profits further contribute to its risky profile, making it a challenging investment despite the recent price rise.