Why is MSP Steel & Pow. falling/rising?

As of 28-Jul, MSP Steel & Power Ltd is currently priced at 32.30, reflecting an increase of 0.45 or 1.41%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 2.51% today, although it has experienced a decrease of 2.03% over the past week. In terms of longer-term performance, the stock has generated a return of 16.90% over the past year, despite a significant drop in profits of 297.5%. The stock is trading at a discount compared to its peers, which may attract investors, but its weak long-term fundamentals, including a high Debt to EBITDA ratio and a low Return on Capital Employed, raise concerns about its sustainability.
Broader market context indicates that while MSP Steel has outperformed the Sensex over the past month with a return of 17.07% compared to the benchmark's decline of 3.77%, it has underperformed year-to-date with a drop of 28.46% against the Sensex's gain of 3.52%. The stock's liquidity remains adequate for trading, but a decrease in delivery volume suggests falling investor participation. The high percentage of pledged promoter shares could also exert downward pressure on the stock in a declining market, contributing to the cautious sentiment surrounding MSP Steel & Power Ltd.