Why is Panyam Cement falling/rising?

As of 02-Jul, Panyam Cements & Mineral Industries Ltd is experiencing a price increase, currently at Rs 178.00, reflecting a rise of Rs 6.4 or 3.73%. The stock has shown strong performance recently, gaining 9.88% over the last three days and outperforming its sector by 2.35% today. It has also demonstrated significant returns over the past month, with a 33.88% increase, while trading above its moving averages across various time frames. However, the company faces challenges, including weak long-term fundamentals, as it has not declared results in the last six months, and has reported negative growth in net sales and operating profit over the past five years. The stock's performance has been hindered by high debt levels and a negative EBITDA, contributing to its overall underperformance against benchmarks.
In the broader market context, Panyam Cements has outperformed the Sensex in the short term, with a 5.08% return over the past week compared to the Sensex's 0.79%. Despite this recent uptick, the stock has struggled year-to-date, with a decline of 6.32%, contrasting with the Sensex's gain of 6.75%. The company's long-term performance remains concerning, as it has generated a return of -23.88% over the past year, significantly underperforming the BSE500 index. This combination of short-term gains amidst long-term challenges suggests a complex outlook for investors considering the stock.