Why is Rish.Digh.Steel falling/rising?

As of 12-Aug, Rishabh Digha Steel & Allied Products Ltd is experiencing a price increase, currently at Rs 37.90, reflecting a rise of 3.75 or 10.98%. The stock opened with a significant gain of 17.1% today and reached an intraday high of Rs 39.99. However, despite this positive movement, the stock has shown a decline of 3.29% over the past month and a slight decrease of 0.63% over the past year. The company is facing challenges, including operating losses and a weak ability to service its debt, which has contributed to a negative return on capital employed (ROCE) and a poor EBIT to interest ratio of -0.96. Additionally, the stock's performance is hindered by a significant drop in delivery volume, which fell by 72.87% against the 5-day average.
In the broader market context, Rishabh Digha Steel has outperformed the Sensex by 10.65% today, while the benchmark index has declined by 0.59% over the past week. Despite the stock's short-term gains, its long-term fundamentals remain weak, with reported losses and a negative EBITDA indicating potential risks for investors. The stock's performance over the past three years shows a return of 44.38%, which is better than the Sensex's 34.93%, but the overall trend suggests that while there may be short-term price movements, the underlying financial health of the company raises concerns for sustained growth.