Why is Bihar Sponge falling/rising?

As of 21-Jul, Bihar Sponge Iron Ltd's stock price is currently at 17.00, reflecting a decline of 0.8, or 4.49%. The stock has been underperforming recently, having fallen for the last three days, resulting in a total decline of 9.38% during this period. Although the stock has shown strong long-term performance with an 83.98% increase over the past three years and a staggering 1689.47% increase over five years, its recent performance has been less favorable, with a 3.95% drop over the past week. Additionally, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. The stock's liquidity is also a concern, as evidenced by a significant drop in delivery volume.
In the broader market context, the stock's recent decline contrasts sharply with the benchmark Sensex, which has only decreased by 0.06% over the past week. This underperformance is further highlighted by the stock's negative EBITDA and the high percentage of pledged promoter shares, which can exert additional downward pressure in a falling market. Despite generating a modest return of 5.00% over the past year, the company's poor sales growth and high debt levels raise concerns among investors, leading to a decrease in participation and contributing to the stock's current downward trend.