Why is Nova Iron &Steel falling/rising?

As of 16-Sep, Nova Iron & Steel Ltd's stock price is currently at 14.70, reflecting a decrease of 0.27, or 1.8%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2% in that period. Additionally, the stock has underperformed its sector by 1.11% today. Over the past week, it has decreased by 2.33%, while its one-month performance shows a slight increase of 1.59%. However, the year-to-date return is significantly negative at -16.67%, and the one-year return is even more concerning at -42.91%. The company is facing challenges, including a negative book value and weak long-term fundamental strength, with net sales and profits showing a decline.
In the broader market context, the Sensex has shown a positive return of 1.58% over the past week and 2.21% over the past month, indicating that Nova Iron & Steel's performance is lagging behind the market. The company's high debt levels and negative operating profits contribute to its risky profile, further exacerbated by a significant drop in investor participation, as evidenced by a 72.96% decrease in delivery volume compared to the five-day average. Overall, the stock's poor performance relative to the benchmark and its own financial struggles suggest a challenging environment for investors.