Why is NMDC Steel falling/rising?

As of 05-Sep, NMDC Steel Ltd's stock price is currently at 42.52, reflecting an increase of 0.79 or 1.89%. The stock has shown strong performance recently, outperforming its sector by 1.53% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 12.49%, and in the last month, it has risen by 16.43%. The company has reported positive results in its last two quarters, with a significant growth in net sales of 18.57% and a remarkable increase in profit before tax, which has grown by 101.9%. However, despite these positive indicators, the company faces challenges with weak long-term fundamentals, including a return on capital employed of 0% and a high debt-to-EBITDA ratio, which raises concerns about its financial stability.
In the broader market context, NMDC Steel's recent performance contrasts sharply with its longer-term returns, as it has underperformed the market over the past year, with a decline of 22.25% compared to the BSE500's negative return of 4.41%. While the stock has shown positive short-term movements, the overall trend indicates a struggle to maintain value in the face of significant long-term challenges. The high institutional holdings suggest that knowledgeable investors are monitoring the company's fundamentals closely, which may contribute to the stock's recent upward movement despite its historical underperformance.