Why is NMDC Steel falling/rising?

As of 27-Jun, NMDC Steel Ltd's stock price is currently at 41.30, reflecting an increase of 0.36 or 0.88%. The stock has demonstrated a strong performance recently, gaining for six consecutive days and achieving a total return of 11.47% during this period. Additionally, the stock has outperformed its sector by 1.06% today. Despite a year-to-date decline of 4.33% and a significant drop of 26.90% over the past year, the company reported its highest quarterly net sales at Rs 2,838.25 crore, which may have contributed positively to investor sentiment. However, the company also faces challenges, including operating losses and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength.
In the broader market context, NMDC Steel's short-term return of 10.46% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. While the stock has shown some resilience recently, it has consistently underperformed against the benchmark over the last three years, with a negative return of 26.90% compared to the Sensex's positive performance. The high institutional holdings at 20.63% suggest that more sophisticated investors are involved, which could provide some support; however, the overall weak long-term growth and negative EBITDA present risks that could impact future performance.