Why is MSP Steel & Pow. falling/rising?

As of 18-Nov, MSP Steel & Power Ltd is currently priced at 35.42, reflecting an increase of 0.63 or 1.81%. The stock has shown strong performance today, outperforming its sector by 2.64%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 107.54% compared to the 5-day average. Despite a year-to-date decline of 21.55%, the stock has performed well in the short term, with a 6.33% increase over the past week. However, the company faces challenges, including a high Debt to EBITDA ratio and a significant portion of promoter shares being pledged, which could exert downward pressure on the stock.
Broader market context shows that while MSP Steel has outperformed the Sensex in the short term, it has significantly underperformed over the past year, with a return of -14.86% compared to the Sensex's gain of 8.36%. This underperformance, coupled with weak long-term fundamentals such as a low Return on Capital Employed and modest growth in net sales and operating profit, raises concerns among investors. The stock's fair valuation and discount compared to peers may provide some support, but the overall negative sentiment from its long-term performance and high debt levels could hinder its recovery in the broader market.