Why is Ashiana Ispat falling/rising?

As of 21-Jul, Ashiana Ispat Ltd's stock price is currently at Rs 22.82, reflecting an increase of Rs 2.07 or 9.98%. Today, the stock has shown a trend reversal, gaining after four consecutive days of decline, and it outperformed its sector by 9.06%. The stock reached an intraday high of Rs 24.7, indicating significant volatility with an intraday fluctuation of 9.05%. However, despite today's positive movement, the stock has underperformed over the past week and month, with returns of -2.85% and -11.17%, respectively. The company's long-term fundamentals are weak, as evidenced by a significant decline in net sales and profits over the past year, alongside a high debt-to-equity ratio, which contributes to its classification as a strong sell. Broader market context shows that while Ashiana Ispat has experienced a short-term gain, its performance has been notably poor over the longer term, with a year-to-date return of -41.49%, contrasting sharply with the Sensex's gain of 5.20% during the same period. The stock's long-term underperformance is highlighted by a -52.46% return over the past year and a -28.46% return over the last three years, indicating that while there may be short-term fluctuations, the overall trend remains negative compared to broader market indices.