Why is MSP Steel & Pow. falling/rising?

As of 08-Jul, MSP Steel & Power Ltd's stock price is rising, currently at Rs 30.16, reflecting an increase of Rs 2.74 or 9.99%. The stock has shown strong performance today, outperforming its sector by 10.25% and achieving a consecutive gain over the last five days with a total return of 12.2%. Despite this positive movement, the stock has a concerning backdrop, as it has experienced a significant decline of 33.20% year-to-date, and its profits have fallen drastically by 297.5% over the past year. The company has a Return on Capital Employed (ROCE) of 6.6, indicating an attractive valuation, but it also faces challenges such as a high Debt to EBITDA ratio of 5.92 times and a substantial percentage of promoter shares being pledged, which could exert downward pressure in adverse market conditions.
In the broader market context, MSP Steel's short-term performance has significantly outpaced the benchmark Sensex, which only saw a marginal increase of 0.02% over the same one-week period. While the stock's recent gains are notable, the overall market sentiment remains cautious due to the company's weak long-term fundamentals, including a low average ROCE and poor growth in net sales. The stock's liquidity appears adequate for trading, but a decline in delivery volume by 32.36% compared to the five-day average suggests a potential decrease in investor interest, which could impact future price movements.