Why is Nova Iron &Steel falling/rising?

As of 29-Jul, Nova Iron & Steel Ltd's stock price is currently at 15.36, reflecting an increase of 0.85 or 5.86%. The stock has shown a positive trend today, outperforming its sector by 4.63% and reversing a two-day decline. Over the past week, the stock has gained 4.92%, while it has increased by 9.64% over the past month. However, despite this recent uptick, the company has a negative book value and has reported poor long-term growth, with net sales growing at an annual rate of only 162.90% and operating profit declining at -20.29% over the last five years. Additionally, the company has declared negative results for the last three consecutive quarters, which has contributed to its overall weak long-term fundamental strength.
In the broader market context, while the stock has shown positive short-term returns, it has significantly underperformed the benchmark, with a one-year return of -31.12% compared to the Sensex's slight decline of -0.02%. This stark contrast highlights the stock's ongoing struggles, particularly given its high debt levels and negative operating profits. Despite the recent increase in investor participation, as evidenced by a 251.03% rise in delivery volume, the stock remains risky and is trading at valuations that are less favorable compared to its historical performance.