Why is India Steel falling/rising?

As of 12-Sep, India Steel Works Ltd is experiencing a rise in its stock price, currently at 12.05, with an increase of 0.23 or 1.95%. The stock has been gaining momentum, having outperformed its sector by 1.98% today and achieving a consecutive gain over the last three days, resulting in a total return of 5.61% during this period. Over the past year, the stock has generated impressive returns of 239.44%, significantly outperforming the BSE500 index in both the long term and near term. However, despite these positive short-term movements, the company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a drastic decline in net sales and a high debt-to-EBITDA ratio. Additionally, a reduction in promoter confidence, with a decrease in their stake, may signal concerns about the company's future prospects.
In the broader market context, India Steel's recent performance has been notably strong, with a 5.52% increase over the past week compared to a 1.48% rise in the Sensex, and a remarkable 19.66% increase over the past month against a 2.08% gain in the benchmark. This outperformance highlights the stock's resilience in a fluctuating market. However, the declining delivery volume, which has fallen by 55.88% against the five-day average, raises questions about investor participation and liquidity. While the stock's short-term performance is robust, the underlying financial challenges and reduced promoter confidence may create headwinds for sustained growth moving forward.