Why is Panyam Cement falling/rising?

As of 21-Jul, Panyam Cements & Mineral Industries Ltd is experiencing a rise in its stock price, currently at Rs 164.00, reflecting an increase of Rs 4.4 or 2.76%. Today's price summary indicates that the stock has outperformed its sector by 1.79% and has gained after two consecutive days of decline, opening with a gain of 2.07%. The stock reached an intraday high of Rs 167.65, which is a 5.04% increase. However, despite this short-term upward movement, the stock has underperformed over the past week and month, with returns of -3.47% and -2.38%, respectively. Additionally, the company has not declared results in the last six months, and its long-term fundamentals appear weak, with negative growth in net sales and operating profit over the past five years.
In the broader market context, while Panyam Cements has shown a slight recovery today, it has significantly underperformed the benchmark, with a year-to-date return of -13.68% compared to the Sensex's positive return of 5.20%. The stock's recent performance is concerning, especially given its negative EBITDA and high debt levels, which contribute to its classification as risky. The overall market has generated positive returns, contrasting sharply with Panyam's negative performance, indicating that while there may be short-term gains, the long-term outlook remains challenging for the company.