Why is Sh. Steel Wire falling/rising?

As of 07-Jul, Shree Steel Wire Ropes Ltd is experiencing a price increase, currently at 32.78, reflecting a change of 0.49 or 1.52% upward. The stock has shown a strong performance today, outperforming its sector by 1.7%. In the past week, it has gained 7.48%, while its one-month performance shows a slight decline of 0.76%. Despite this short-term gain, the stock has faced significant challenges, including operating losses and a weak long-term fundamental strength, evidenced by a poor EBIT to Interest ratio of 0.32 and a low Return on Equity of 2.99%. The company has also reported negative earnings metrics, including the lowest PBDIT and EPS in its recent quarterly results, indicating ongoing financial struggles.
In the broader market context, while Shree Steel Wire Ropes Ltd has outperformed the Sensex by a notable margin in the short term, it has underperformed over longer periods, with a year-to-date return of -16.80% compared to the Sensex's gain of 6.79%. This stark contrast highlights the stock's volatility and the risks associated with its current trading status, particularly given its negative EBITDA and declining profitability. The overall market sentiment appears to be cautious, as the company's long-term performance has been below par, further complicating its outlook despite the recent uptick in price.