Why is NMDC Steel falling/rising?

As of 25-Jun, NMDC Steel Ltd's stock price is currently at 39.52, reflecting an increase of 0.77, or 1.99%. The stock has been performing positively in the short term, having gained 6.67% over the last four days and outperforming its sector by 1% today. Despite a slight decline of 0.65% over the past month and a significant drop of 31.48% over the past year, the stock's recent performance is bolstered by high institutional holdings at 20.63% and rising investor participation, as evidenced by a 49.33% increase in delivery volume compared to the five-day average. However, the company faces challenges with operating losses and a weak long-term fundamental strength, as indicated by a negative EBITDA and a high Debt to EBITDA ratio.
In the broader market context, NMDC Steel's short-term return of 3.86% over the past week outpaces the Sensex, which has gained 1.61% in the same period. This suggests that while the stock is experiencing a temporary rise, it has consistently underperformed against the benchmark over the longer term, with a year-to-date decline of 8.45% compared to the Sensex's increase of 5.91%. The overall market sentiment appears to be cautious due to the company's poor long-term growth prospects and significant operating losses, which may temper enthusiasm despite the recent uptick in stock price.