Why is India Steel falling/rising?

As of 22-Aug, India Steel Works Ltd's stock price is currently at Rs. 13.12, reflecting a decrease of 0.26 or 1.94%. The stock has recently hit a new 52-week high of Rs. 13.64 but has underperformed its sector by 0.74% today. After experiencing six consecutive days of gains, the stock has shown a trend reversal. Despite its impressive long-term performance, with a 256.52% return over the past year, the company faces significant challenges, including operating losses and a high debt-to-EBITDA ratio. Additionally, the promoter's reduced stake in the company may indicate a lack of confidence in its future prospects.
In the broader market context, India Steel's short-term performance has been notably strong, with an 18.30% increase over the past week, significantly outperforming the Sensex, which only rose by 0.88% in the same period. However, the stock's recent decline may be attributed to falling investor participation, as evidenced by a 59.98% drop in delivery volume compared to the five-day average. While the stock has shown remarkable growth over the long term, the combination of weak fundamentals and declining promoter confidence could be contributing to the current downward price movement.