Why is Inducto Steel falling/rising?

As of 11-Jun, Inducto Steel Ltd's stock price is rising, currently at Rs 82.70, reflecting an increase of Rs 5.7 or 7.4%. The stock has shown a strong performance today, outperforming its sector by 7.59% and opening with a significant gain of 6.84%. It has also reversed a two-day decline, reaching an intraday high of Rs 83. Over the past week, the stock has risen by 6.81%, and in the last month, it has surged by 52.55%. Despite these positive movements, there are concerns regarding the company's long-term fundamentals, including a -36.99% CAGR growth in operating profits over the last five years and a high percentage of pledged promoter shares, which could exert downward pressure in adverse market conditions.
In the broader market context, Inducto Steel's recent performance stands out when compared to the Sensex, which has only increased by 1.87% over the past week. While the stock has generated a return of 33.45% over the last year, it is important to note that its profitability has significantly declined, with profits falling by -388% despite the positive sales growth reported. This juxtaposition of strong short-term performance against weak long-term fundamentals creates a complex picture for investors, highlighting both the potential for short-term gains and the risks associated with the company's financial health.