Why is MSP Steel & Pow. falling/rising?

As of 22-Jul, MSP Steel & Power Ltd's stock price is currently at 32.20, reflecting a decrease of 0.77, or 2.34%. The stock has underperformed its sector today by 1.94% and has experienced a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has shown a decline of 2.87% over the past week, while it has increased by 17.78% over the past month. Despite a strong performance over the long term, with a 20.60% return in the past year and a remarkable 221.04% increase over three years, the stock's recent movement is negatively impacted by a significant drop in profits, which have fallen by 297.5%. Additionally, the stock is trading at a discount compared to its peers, but the high level of pledged promoter shares (81.33%) adds pressure in a declining market.
In the broader market context, the Sensex has decreased by only 0.47% over the past week, indicating that MSP Steel & Power Ltd's short-term performance is lagging behind the benchmark. The stock's liquidity remains adequate for trading, but a notable decline in delivery volume by 38.04% against the five-day average suggests falling investor participation. Furthermore, the company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 5.36% and a high Debt to EBITDA ratio of 5.92 times, contribute to the negative sentiment surrounding the stock. Overall, while the stock has shown strong long-term performance, its recent decline can be attributed to poor short-term results and fundamental weaknesses.