Why is MSP Steel & Pow. falling/rising?

As of 21-Jul, MSP Steel & Power Ltd is experiencing a price increase, currently at 32.97, with a change of 0.27, reflecting a rise of 0.83%. The stock has been gaining for the last two days, showing a total return of 1.13% during this period. Over the past week, it has outperformed the benchmark Sensex, with a return of +0.52% compared to the benchmark's -0.06%. However, despite its recent gains, the stock has a concerning long-term performance, with a year-to-date decline of 26.98% and a significant drop in profits of 297.5% over the past year, which raises questions about its fundamental strength. The stock is trading at a discount compared to its peers, but the high level of pledged promoter shares and a weak ability to service debt could exert downward pressure on its price.
In the broader market context, the stock's recent performance has been favorable compared to the Sensex, particularly in the short term, where it has shown resilience despite broader market challenges. The stock's liquidity remains adequate, but a notable decline in investor participation, with delivery volume falling by 57.82% against the five-day average, may indicate waning interest. While MSP Steel & Power has outperformed the BSE500 over the last three years, the overall weak long-term fundamentals, including a low Return on Capital Employed and poor growth in net sales, suggest that the stock may face challenges ahead, despite its recent upward movement.