Why is Sh. Steel Wire falling/rising?

As of 12-Jun, Shree Steel Wire Ropes Ltd is experiencing a price increase, currently at Rs 32.93, reflecting a rise of Rs 1.33 or 4.21%. The stock has shown a positive performance today, outperforming its sector by 5.73%, and it reached an intraday high of Rs 33.69, which is a 6.61% increase. Despite this short-term gain, the stock has had a challenging year, with a year-to-date return of -16.42% and a one-year return of -16.02%. The company is facing significant operational challenges, including operating losses and a weak ability to service its debt, which has contributed to its low profitability and negative EBITDA. These factors indicate that while there may be short-term gains, the long-term outlook remains weak.
In the broader market context, Shree Steel Wire Ropes Ltd has outperformed the Sensex in the short term, with a one-week return of +1.86% compared to the Sensex's +0.31%. However, the stock's long-term performance has been below par, underperforming the BSE 500 over various time frames, including the last three years and one year. The company's weak fundamentals, highlighted by a poor EBIT to interest ratio and low return on equity, suggest that the recent price increase may not be sustainable without significant improvements in its financial health.