Why is Panchmahal Steel falling/rising?

As of 27-Jun, Panchmahal Steel Ltd's stock price is currently at 211.00, reflecting an increase of 3.5, or 1.69%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 11.64% during this period. It has outperformed its sector by 1.87% today. Despite a year-to-date decline of 16.93%, the stock has shown strong short-term performance, with a 36.13% increase over the past month. The company is trading at a discount compared to its peers' average historical valuations, and while it has generated a negative return of -3.19% over the past year, its profits have increased by 12.2%. However, concerns remain due to poor long-term growth, as evidenced by a decline in net sales and negative quarterly results.
In the broader market context, Panchmahal Steel's recent performance contrasts with the Sensex, which has only risen by 2.00% over the past week. The stock's strong short-term gains are notable, especially given its significant increase compared to the benchmark's modest performance. The rising investor participation, indicated by a dramatic increase in delivery volume, suggests growing interest in the stock despite its long-term challenges. Overall, while the stock is experiencing a positive short-term movement, underlying issues such as low sales growth and negative quarterly results may pose risks for sustained performance.