Why is Heera Ispat falling/rising?

As of 08-Jul, Heera Ispat Ltd is currently priced at 9.20, showing no change (0.00%). The stock has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite this, there has been a significant decline in investor participation, with delivery volume dropping by 97.61% compared to the 5-day average. Over the past year, the stock has generated a return of 44.65%, outperforming the BSE500 in the last three years, one year, and three months. However, the company has reported flat results for March 2025, with the lowest figures in PBDIT, PBT, and EPS, which raises concerns about its profitability despite the strong stock performance.
In the broader market context, Heera Ispat's short-term return of +0.44% over the past week outperforms the Sensex's minimal increase of +0.02%. This indicates that while the stock is performing well relative to the benchmark in the short term, the overall market sentiment may be cautious due to the company's recent financial results and negative EBITDA, which suggest that the stock is trading at a risky valuation compared to its historical performance. The combination of strong long-term returns and recent flat financial results creates a complex picture for investors, contributing to the stock's current price stability despite underlying concerns.