Why is Ashiana Ispat falling/rising?

As of 11-Jul, Ashiana Ispat Ltd's stock price is currently at 22.38, reflecting an increase of 0.38 or 1.73%. The stock has shown a positive trend recently, gaining 10.85% over the past week, outperforming the sector by 2.39%. However, despite this short-term gain, the stock has experienced a significant decline of 51.31% over the past year, with profits plummeting by 511.2%. The company has a return on capital employed (ROCE) of 6.6, indicating an attractive valuation, but it is trading at a discount compared to its peers. Additionally, the stock's delivery volume has decreased by 24.45% against the 5-day average, suggesting falling investor participation.
In the broader market context, while Ashiana Ispat has outperformed the sector in the short term, it has significantly underperformed the benchmark index, Sensex, which has gained 3.26% over the past year. The company's long-term fundamentals are weak, with a high debt-to-equity ratio and a negative growth rate in net sales of -8.98% over the last five years. The lack of declared results in the past six months further contributes to concerns about its long-term viability. Overall, while the recent price increase may attract some attention, the underlying financial challenges and poor historical performance suggest caution for potential investors.