Why is MSP Steel & Pow. falling/rising?

As of 17-Jul, MSP Steel & Power Ltd is experiencing a decline in its stock price, currently at 32.60, reflecting a decrease of 0.85 or 2.54%. The stock has underperformed its sector by 3.01% today and has seen a trend reversal after three consecutive days of gains. Despite a positive performance over the past month with a return of 17.48%, the stock's year-to-date performance is down by 27.80%. The company has a Return on Capital Employed (ROCE) of 6.6, indicating an attractive valuation, but its profits have significantly fallen by 297.5% over the past year, which raises concerns about its long-term growth potential. Additionally, 81.33% of promoter shares are pledged, which can exert downward pressure on the stock in a declining market.
In the broader market context, the stock has shown a positive return of 1.09% over the past week, while the benchmark Sensex has decreased by 1.12%. This indicates that MSP Steel & Power Ltd has outperformed the market in the short term. However, the company's weak long-term fundamentals, including a high Debt to EBITDA ratio of 5.92 times and flat quarterly results, contribute to a cautious outlook. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by an 11.51% drop in delivery volume, suggests waning interest among investors, further contributing to the stock's recent decline.