Why is India Steel falling/rising?

As of 17-Jul, India Steel Works Ltd is experiencing a price increase, currently at 6.36, with a change of 0.21, representing a rise of 3.41%. The stock has been gaining momentum, having outperformed its sector by 2.94% today and achieving an 8.72% return over the last three days. Additionally, the stock has shown strong performance over various time frames, with a 61.83% increase over the past year, significantly surpassing the market's return of 1.91%. However, despite these positive short-term movements, the company faces challenges such as operating losses and a declining ability to service debt, which may raise concerns among investors. The recent decrease in promoter stake by 11.22% could also indicate reduced confidence in the company's future prospects.
In the broader market context, India Steel's short-term performance has been notably strong, with a 7.80% increase over the past week, contrasting sharply with the Sensex, which has declined by 1.12% during the same period. This outperformance highlights the stock's resilience in a challenging market environment. While the stock has demonstrated impressive returns compared to the benchmark over various periods, the underlying issues related to long-term growth and financial stability may temper investor enthusiasm moving forward.