Why is Rathi Steel falling/rising?

As of 21-Jul, Rathi Steel & Power Ltd's stock price is currently at 30.03, reflecting an increase of 0.31 or 1.04%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. In the past week, the stock has decreased by 2.21%, while it has seen a notable increase of 12.68% over the past month. Despite a significant rise in operating profit and positive quarterly results, the stock has generated a return of -56.83% over the past year, which raises concerns about its long-term performance. Additionally, foreign institutional investors (FIIs) have reduced their holdings, now owning only 5.04% of the company, which may contribute to negative sentiment around the stock.
In the broader market context, Rathi Steel's short-term performance has underperformed compared to the Sensex, which has only declined by 0.06% in the past week. This underperformance is compounded by the company's weak long-term fundamentals, including a low return on equity and a poor ability to service its debt, which may deter potential investors. While the stock is trading at a discount compared to its peers, the significant drop in its value over the past year and the decrease in investor participation, as evidenced by a 23.58% drop in delivery volume, suggest a lack of confidence in its recovery. Overall, these factors contribute to a cautious outlook for Rathi Steel amidst a challenging market environment.