Why is Sh. Steel Wire falling/rising?

As of 10-Jul, Shree Steel Wire Ropes Ltd's stock price is currently at Rs 33.96, reflecting an increase of Rs 2.75 or 8.81%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and opened with a significant gain of 8.49%. It reached an intraday high of Rs 34.2, indicating strong performance relative to its sector, outperforming it by 8.01%. However, the stock has underperformed over the past year, with a return of -13.17%, while the broader market has seen a gain of 1.46%. The company is facing challenges, including operating losses and weak long-term fundamental strength, which contribute to its risky trading status.
Broader Market Context: In the short term, Shree Steel Wire Ropes Ltd has outperformed the benchmark, with a 1-week return of +3.07% compared to the Sensex's -0.06%. Despite this recent uptick, the stock's year-to-date performance is concerning, showing a decline of -13.81% against the Sensex's gain of 6.46%. The company's weak ability to service its debt, as indicated by a poor EBIT to Interest ratio, and low profitability reflected in a Return on Equity of 2.99% further complicate its outlook. Overall, while the stock has seen a short-term rise, the underlying financial weaknesses and historical underperformance suggest a cautious approach for investors.