Why is Ashirwad Steels falling/rising?

As of 19-Sep, Ashirwad Steels & Industries Ltd is experiencing a price increase, currently at Rs 31.80, reflecting a rise of Rs 1.18 or 3.85%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and reached an intraday high of Rs 32.48, which is a 6.07% increase. However, despite this positive movement today, the stock has underperformed in the short term with a 1-week return of -3.61% compared to the Sensex's +0.88%. Over the past year, the stock has generated a return of -18.27%, indicating a significant decline in value, while its long-term fundamentals remain weak, evidenced by a -24.72% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -1.17.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed its sector by 3.65% today, but still lags behind the Sensex over the longer term. The company's weak profitability, indicated by a low return on equity of 1.68%, and a significant drop in delivery volume by -55.75% against the 5-day average suggest declining investor confidence. Additionally, the stock's valuation appears expensive relative to its peers, with a price-to-book value of 0.5, further complicating its attractiveness to investors. Overall, while there is a short-term uptick in price, the long-term outlook remains concerning due to fundamental weaknesses.