Why is NMDC Steel falling/rising?

As of 03-Jul, NMDC Steel Ltd's stock price is currently at 41.00, reflecting an increase of 0.56 or 1.38%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It has outperformed its sector by 1.8% today, although there has been a notable decrease in investor participation, with delivery volume falling by 33.98% against the five-day average. Over the past week, the stock has increased by 0.15%, while it has risen by 6.88% over the past month. However, despite these short-term gains, the stock has underperformed significantly over the longer term, with a year-to-date decline of 5.03% and a one-year drop of 28.87%. The company has reported high institutional holdings at 20.63%, indicating that more informed investors are involved, yet it also faces challenges such as operating losses and a negative EBITDA, which contribute to its weak long-term fundamental strength.
In the broader market context, NMDC Steel's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.62% over the past week and an increase of 3.10% over the past month. While the stock's short-term performance is positive, it has consistently underperformed against the benchmark over the last three years, with a significant annual return of -28.87%. This underperformance, coupled with the company's weak financial metrics, such as a high debt-to-EBITDA ratio and declining profits, suggests that while there may be short-term fluctuations, the long-term outlook remains challenging for NMDC Steel Ltd.