Why is Panchmahal Steel falling/rising?

As of 22-Aug, Panchmahal Steel Ltd is experiencing a price increase, currently at 273.95, reflecting a change of 2.2 or 0.81% upward. The stock has shown a strong performance recently, gaining 5.45% over the last four days and outperforming its sector by 2.01% today. Over the past year, it has generated a return of 26.27%, significantly outperforming the BSE500 index, and has also shown impressive long-term growth with a 3-year return of 87.51%. However, there are concerns regarding the company's financial health, as it reported a net profit decline of 190.7% in the last half-year and a significant increase in raw material costs, which could impact future profitability.
In the broader market context, Panchmahal Steel's short-term return of 1.09% over the past week has outperformed the Sensex, which increased by 0.88% during the same period. Despite this positive short-term performance, the stock's long-term growth is under scrutiny due to poor sales growth and declining profits, alongside a reduction in promoter confidence as they have decreased their stake in the company. These mixed signals suggest that while the stock is currently rising, underlying financial challenges may pose risks to its sustained performance.