Why is Shah Alloys falling/rising?

As of 07-Jul, Shah Alloys Ltd's stock price is currently at Rs 67.10, reflecting an increase of Rs 1.1 or 1.67%. The stock has shown strong performance recently, gaining 6.52% over the last three days and outperforming its sector by 1.85% today. It has also touched an intraday high of Rs 68.97, indicating positive momentum. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a -11.43% annual growth rate in net sales over the past five years and a high debt-to-equity ratio. The company has reported negative results for the last four consecutive quarters, with a drastic fall in net sales of -76.35%, which raises concerns about its sustainability.
In the broader market context, Shah Alloys has outperformed the Sensex in the short term, with a 1-week return of +8.68% compared to the benchmark's -0.20%. However, the company's long-term performance is concerning, as it has underperformed the Sensex over the past three years, with a return of -16.02% versus the benchmark's +54.01%. This divergence highlights the stock's volatility and the risks associated with its financial health, despite recent positive price movements.