Why is Shah Alloys falling/rising?

As of 03-Jul, Shah Alloys Ltd's stock price is currently at 65.00, reflecting an increase of 2.01, or 3.19%. The stock has shown strong performance today, outperforming its sector by 3.61% and reaching an intraday high of Rs 66.13, which is a 4.98% rise. Over the past week, the stock has gained 6.38%, and in the last month, it has increased by 20.37%, indicating a positive short-term trend. However, despite this recent uptick, the company faces significant challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a decline in net sales and negative results over the last four quarters. The company has also reported a substantial fall in net sales of 76.35%, which has contributed to its risky trading status.
In the broader market context, while Shah Alloys has outperformed the Sensex in the short term, with a 1-week return of 6.38% compared to the Sensex's decline of 0.62%, the stock's year-to-date performance remains negative at -1.52%, contrasting with the Sensex's gain of 6.53%. This divergence highlights the stock's volatility and the potential risks associated with its financial health, particularly given its high debt levels and declining profitability. The rising investor participation, indicated by a significant increase in delivery volume, suggests some market optimism, but the underlying financial issues may temper long-term confidence in the stock's performance.