Why is MSP Steel & Pow. falling/rising?

As of 05-Sep, MSP Steel & Power Ltd is currently priced at 31.23, reflecting an increase of 0.31 or 1.0%. The stock has shown a performance today that outperformed its sector by 0.64%. It is trading higher than its 5-day, 50-day, and 100-day moving averages, although it remains below its 20-day and 200-day moving averages. The recent positive financial results, including a significant growth in PAT and a low debt-equity ratio, suggest an attractive valuation compared to peers. However, the stock has faced challenges, including a substantial decline in profits over the past year and a high percentage of pledged promoter shares, which can exert downward pressure on the stock price.
In the broader market context, the stock's short-term return of +1.10% over the past month is slightly lower than the Sensex's return of +1.13% during the same period. Despite this recent uptick, MSP Steel & Power Ltd has underperformed the market significantly over the last year, with a return of -26.53% compared to the Sensex's -1.81%. This underperformance, coupled with weak long-term fundamentals and a high debt to EBITDA ratio, indicates that while there may be short-term gains, the overall outlook remains cautious.