Why is Panyam Cement falling/rising?

As of 12-Sep, Panyam Cements & Mineral Industries Ltd is currently priced at Rs 143.00, reflecting an increase of Rs 3.7 or 2.66%. Today's performance indicates that the stock has outperformed its sector by 2.88%, reaching an intraday high of Rs 143. However, the stock's recent performance shows mixed results; it has seen a slight decline of 0.03% over the past week, while it has gained 5.61% over the past month. Despite this recent uptick, the company faces significant challenges, including a lack of declared results in the last six months, poor long-term growth metrics, and a high debt-to-equity ratio. The negative financial results reported, including a PAT of Rs -39.46 crore and a decline in net sales, contribute to a perception of risk surrounding the stock.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has increased by 1.48% over the past week and 2.08% over the past month. The stock's year-to-date performance is particularly concerning, with a decline of 24.74% compared to the Sensex's gain of 4.82%. This underperformance, coupled with a significant drop in investor participation and liquidity concerns, suggests that while there may be short-term gains, the long-term outlook remains bleak, making the stock a risky investment.