Why is Sh. Steel Wire falling/rising?

As of 14-Jul, Shree Steel Wire Ropes Ltd is currently priced at 32.70, reflecting a slight increase of 0.01 (0.03%). The stock's performance today is in line with its sector, and it is trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite this minor uptick, the stock has shown negative returns over the past week (-0.24%), month (-0.70%), and year (-15.61%), indicating a trend of underperformance. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of 0.32 and a low Return on Equity of 2.99%. These factors contribute to a perception of the stock as a strong sell.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.42% over the past week while Shree Steel Wire has only fallen by 0.24%. This indicates that while the stock is not performing well, it is relatively better than the benchmark in the short term. However, the long-term outlook remains bleak, with the stock underperforming the BSE500 over various time frames, including the last three years and one year. The company's flat results and negative EBITDA further exacerbate concerns about its future profitability and growth potential, leading to cautious investor sentiment.