Why is Panyam Cement falling/rising?

As of 23-Sep, Panyam Cements & Mineral Industries Ltd is currently priced at 141.40, reflecting an increase of 0.8 (0.57%). The stock has shown a positive trend recently, gaining 6.32% over the last four days and outperforming its sector by 1.57% today. However, despite this short-term gain, the stock has experienced a significant decline of 25.58% year-to-date and a 17.67% drop over the past year. The company's long-term fundamentals appear weak, as it has not declared results in the last six months, and its net sales growth has been modest at 12.01% over the past five years. Additionally, the company is burdened with high debt and has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA), which contributes to its risky trading status.
In the broader market context, Panyam Cements has outperformed the Sensex by 3.21% over the past week, while the benchmark has seen a slight decline of 0.34%. However, the stock's performance over longer periods has been disappointing, consistently underperforming against the BSE500 in the last three years. The recent gains may be attributed to short-term trading activity, but the overall outlook remains cautious due to the company's poor financial health and declining investor participation, as evidenced by a 6.49% drop in delivery volume against the five-day average.