Why is Rathi Steel falling/rising?

As of 07-Jul, Rathi Steel & Power Ltd's stock price is currently at 31.25, reflecting an increase of 0.65, or 2.12%. Today's price summary indicates that the stock has outperformed its sector by 2.3% and has experienced a trend reversal after five consecutive days of decline. Despite a recent drop of 1.42% over the past week, the stock has shown a positive return of 5.22% over the last month. The company has reported a significant growth in operating profit of 95.63%, with net sales increasing by 26.38%, which contributes to a very attractive valuation. Additionally, promoter confidence has risen, with a 0.98% increase in their stake, indicating optimism about the company's future.
In the broader market context, while Rathi Steel's recent performance has been positive, it has still underperformed compared to the benchmark Sensex, which has seen a slight decline of 0.20% over the past week. The stock's year-to-date performance remains concerning, with a decline of 24.24%, contrasting sharply with the Sensex's gain of 6.79% during the same period. This underperformance, coupled with weak long-term fundamentals and a poor ability to service debt, raises questions about the stock's sustainability despite recent positive movements.