Why is Manaksia Steels falling/rising?

As of 27-Jun, Manaksia Steels Ltd is experiencing a price increase, currently at Rs 63.70, reflecting a rise of 1.99 (3.22%). The stock has shown strong performance today, outperforming its sector by 3.4% and reaching an intraday high of Rs 63.70. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 8.15%, and in the last year, it has generated a return of 15.63%, significantly outperforming the BSE 500 index in both the short and long term. However, it is important to note that the company has shown weak long-term fundamental strength, with a -2.66% CAGR growth in operating profits over the last five years and a significant decline in profits by -64.4% over the past year.
In the broader market context, the stock's recent performance has outpaced the benchmark Sensex, which has increased by 2.00% over the same week. This indicates that while Manaksia Steels is performing well in the short term, there are underlying concerns regarding its long-term profitability and valuation, as evidenced by its low Return on Equity and flat results in recent financial periods. Despite these challenges, the rising investor participation and liquidity suggest a favorable trading environment for the stock at present.