Why is Panchmahal Steel falling/rising?

As of 03-Jul, Panchmahal Steel Ltd is currently priced at 224.00, reflecting a slight increase of 0.4 (0.18%). The stock has been on an upward trend, gaining 18.52% over the last 10 days and outperforming its sector by 0.6% today. Additionally, the stock has shown strong performance over the past week and month, with returns of +7.95% and +54.38%, respectively. However, the company faces challenges, including a decline in net sales and negative financial results reported in March 2025, which may impact long-term growth. Despite these negative factors, the stock is trading above its moving averages, indicating a positive short-term momentum.
In the broader market context, while Panchmahal Steel has outperformed the Sensex in the short term, with a significant gain over the past month compared to the benchmark's +3.10%, its year-to-date performance remains negative at -11.81% against the Sensex's +6.53%. This disparity highlights the stock's volatility and the potential concerns investors may have regarding its long-term growth prospects, particularly given the company's recent poor financial results and low operating profit ratios.