Why is NMDC Steel falling/rising?

As of 09-Sep, NMDC Steel Ltd is currently priced at 43.45, reflecting a slight increase of 0.15 (0.35%). The stock has shown a positive trend, gaining 4.12% over the last three days and outperforming the Sensex with a weekly return of +10.56% compared to the benchmark's +1.18%. The company has reported strong financial results, including an 18.57% growth in net sales and a significant increase in profit before tax, which has contributed to the stock's upward movement. However, there are concerns regarding its long-term fundamentals, including a negative EBITDA and a high debt-to-EBITDA ratio, which may weigh on investor sentiment. In the broader market context, while NMDC Steel has performed well in the short term, it has underperformed over the past year, with a decline of -17.14% compared to the market's slight drop of -0.56%. The stock's recent gains come amid a backdrop of falling investor participation, as evidenced by a 20.79% decrease in delivery volume against the five-day average. Despite high institutional holdings, which typically indicate confidence in the stock's fundamentals, the overall weak long-term growth prospects may temper enthusiasm among retail investors.