Why is Ashiana Ispat falling/rising?

As of 30-Jun, Ashiana Ispat Ltd's stock price is currently at 23.96, reflecting an increase of 0.72 or 3.1%. The stock has shown a trend reversal, gaining after ten consecutive days of decline, and has outperformed its sector by 3.1% today. However, over the past week, the stock has decreased by 4.85%, and its year-to-date performance shows a significant decline of 38.56%. Despite this, the stock is trading at a discount compared to its peers' average historical valuations, and it has a relatively attractive valuation with a return on capital employed (ROCE) of 6.6. Nevertheless, the company has faced substantial challenges, including a staggering 511.2% drop in profits over the past year, leading to a weak long-term fundamental strength characterized by high debt and operating losses.
In the broader market context, while Ashiana Ispat's stock has recently gained, it has underperformed the benchmark Sensex, which has risen by 2.09% over the past week and 7.00% year-to-date. The stock's long-term performance is concerning, with a return of -49.18% over the last year and a negative growth rate in net sales of -8.98% over the past five years. The company's high debt-to-equity ratio of 2.49 times further complicates its financial stability, indicating a lack of profitability per unit of shareholders' funds. Overall, while there are short-term gains, the long-term outlook remains bleak, contributing to a cautious sentiment among investors.