Why is Nova Iron &Steel falling/rising?

As of 11-Sep, Nova Iron & Steel Ltd is currently priced at 15.00, showing no change (0.00%) from the previous trading session. The stock has underperformed its sector by 0.82% today, despite higher delivery volumes indicating rising investor participation, which increased by 93.95% against the 5-day average. Over the past week, the stock has risen by 3.45%, and over the past month, it has increased by 4.17%. However, it has a negative book value and weak long-term fundamentals, with net sales declining by 20.60% and a significant drop in profits of 114.2% over the past year, contributing to its overall negative performance of -39.98% year-to-date.
In the broader market context, while the Sensex has shown a modest gain of 1.03% over the past week and 1.17% over the past month, Nova Iron & Steel's performance has lagged significantly, particularly over the last year where it has underperformed the market, which saw a decline of only 2.29%. The stock's high debt levels and negative operating profits further exacerbate its risk profile, making it a strong sell despite some short-term gains. The overall market conditions appear to be more favorable compared to the company's specific challenges, highlighting the disconnect between the stock's recent price movements and broader market trends.