Why is Panchmahal Steel falling/rising?

As of 01-Jul, Panchmahal Steel Ltd is experiencing a price increase, currently at 219.25, reflecting a rise of 4.25 or 1.98%. The stock has shown strong performance recently, gaining 16.01% over the last eight days and outperforming its sector by 1.73% today. In terms of returns, the stock has increased by 9.35% over the past week and 45.20% over the past month, although it has a year-to-date decline of 13.68%. Despite these positive short-term movements, the company faces challenges, including poor long-term growth with net sales increasing at only 3.05% annually over the last five years and a significant drop in net sales of 3.71% reported in March 2025.
In the broader market context, while Panchmahal Steel has outperformed the Sensex in the short term, the benchmark index has also shown positive returns, increasing by 2.00% over the past week and 2.76% over the past month. The stock's liquidity appears adequate, but there is a notable decline in investor participation, with delivery volume falling by nearly 60% against the five-day average. Furthermore, the company has declared negative results after four consecutive quarters, which may weigh on investor sentiment despite the recent price gains. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to financial performance issues.