Why is Ashiana Ispat falling/rising?

As of 08-Jul, Ashiana Ispat Ltd's stock price is currently at 21.05, reflecting an increase of 0.85 or 4.21%. The stock has shown a consecutive gain over the last two days, rising by 4.26% during this period, and has outperformed its sector by 4.47%. However, despite this recent uptick, the stock has significantly underperformed over the past month, with a decline of 18.63%, and a staggering drop of 55.87% over the last year. The company is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by nearly 60% compared to the five-day average. While the stock is trading at a discount compared to its peers, it faces serious challenges, including a high debt-to-equity ratio and poor profitability, as evidenced by a return on equity of only 3.66% and a significant decline in net sales and profits over the past year.
In the broader market context, Ashiana Ispat's recent performance contrasts with the benchmark Sensex, which has gained 1.85% over the past month and 7.13% year-to-date. This indicates that while the stock has seen a short-term rise, it remains under pressure compared to the overall market performance. The company's long-term fundamentals are weak, with a lack of declared results in the last six months and a poor growth trajectory, as net sales have declined at an annual rate of 8.98% over the past five years. These factors contribute to a negative outlook, suggesting that despite the recent price increase, the stock's overall performance remains concerning.