Why is Sh. Steel Wire falling/rising?

As of 03-Jul, Shree Steel Wire Ropes Ltd's stock price is currently at 32.95, reflecting an increase of 0.65 or 2.01%. The stock has shown a strong performance today, outperforming its sector by 2.43%. Additionally, it has higher moving averages compared to the 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 271.65% against the 5-day average. However, despite this positive short-term movement, the company faces challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 0.32 and a low return on equity of 2.99%. The stock has also generated negative returns over the past year and has underperformed in both the long and short term.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +4.27% compared to the benchmark's -0.62%. However, the stock's year-to-date performance is concerning, showing a decline of 16.37% against the Sensex's gain of 6.53%. This underperformance is compounded by the company's flat results in recent quarters and a negative EBITDA, which contribute to its classification as a risky investment. Overall, while there is a short-term uptick in stock price and investor interest, the underlying financial weaknesses and long-term performance issues suggest caution for potential investors.