Why is Nova Iron &Steel falling/rising?

As of 19-Sep, Nova Iron & Steel Ltd's stock price is currently at 14.92, reflecting a slight increase of 0.04 or 0.27%. The stock has shown a positive trend recently, gaining 2.83% over the last two days and outperforming its sector by 0.65%. However, despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 15.42% and a significant drop of 36.51% over the past year. The company faces challenges, including a negative book value and weak long-term fundamentals, as evidenced by stagnant net sales and negative operating profits. Additionally, the stock's liquidity is adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 19.14% against the five-day average.
Broader market context indicates that while the Sensex has gained 0.88% over the past week, Nova Iron & Steel's stock has declined by 0.53% in the same period, highlighting its struggle to keep pace with the broader market. The company's high debt levels and poor growth metrics contribute to its risk profile, making it a strong sell despite recent price movements. Overall, the stock's recent rise appears to be a short-term reaction rather than a reflection of improved fundamentals, as it continues to face significant challenges compared to both its historical performance and the broader market trends.