Why is Nova Iron &Steel falling/rising?

As of 15-Sep, Nova Iron & Steel Ltd's stock price is currently at 14.97, reflecting a decrease of 0.03, or 0.2%. The stock has underperformed its sector by 1.15% today, despite being higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains lower than the 200-day moving average. The company has experienced a significant decline in investor participation, with delivery volume dropping by 86.48% against the 5-day average. Over the past week, the stock has shown a return of +2.18%, which is better than the Sensex's +1.24%, but it has a troubling year-to-date return of -15.14% compared to the Sensex's +4.67%. The company is also facing challenges such as a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength.
In the broader market context, while the stock has outperformed the benchmark in the short term, its long-term performance is concerning. Over the past year, Nova Iron & Steel has generated a return of -41.41%, significantly underperforming the market, which has seen a decline of only -1.33%. The company's financial health is further compromised by flat results in net sales and profits, both showing a decline of 23.51% in the latest six months. Given these factors, the stock's recent movement reflects a combination of weak operational performance and declining investor confidence, leading to its current downward trajectory.