Why is Nova Iron &Steel falling/rising?

As of 24-Sep, Nova Iron & Steel Ltd is experiencing a slight increase in its stock price, currently at 15.78, with a change of 0.03, representing a 0.19% rise. Despite this minor uptick, the stock has underperformed its sector by 0.78% today. Over the past week, the stock has shown a strong performance with an increase of 8.75%, while it has risen by 3.88% over the past month. However, the company has a negative book value and weak long-term fundamental strength, as indicated by a significant decline in net sales and operating profits over the last five years. The stock is also considered risky due to negative operating profits and a high debt-to-equity ratio, which may contribute to investor caution.
In the broader market context, while the stock has shown positive short-term returns, it has significantly underperformed the benchmark, with a year-to-date decline of 10.54% compared to the Sensex's gain of 4.58%. The stock's performance over the past year has been particularly poor, with a return of -35.33%, which is much worse than the broader market's decline of -3.77%. This disparity highlights the challenges faced by Nova Iron & Steel, including falling investor participation and liquidity issues, which may further impact its stock price in the future.