Why is Shah Alloys falling/rising?

As of 25-Aug, Shah Alloys Ltd's stock price is currently at Rs 58.24, reflecting an increase of Rs 2.53 or 4.54%. Today, the stock opened with a gain of 2.66% and reached an intraday high of Rs 60.74, outperforming its sector by 4.24%. However, despite this positive movement, the stock has shown a decline of 0.44% over the past month and a significant drop of 29.61% over the past year. The company has a negative book value and has reported negative results for the last five consecutive quarters, with a substantial decrease in net sales and profits. Additionally, the stock is considered risky due to its high debt levels and poor long-term growth prospects.
In the broader market context, while the Sensex has generated a modest return of 0.45% over the past week, Shah Alloys has outperformed this benchmark with a return of 4.47%. However, the stock's year-to-date performance is concerning, showing a decline of 11.76% compared to the Sensex's increase of 4.48%. The falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of confidence among investors, which may contribute to the stock's volatility despite today's gains. Overall, while there are short-term positive movements, the long-term fundamentals and broader market performance indicate significant challenges for Shah Alloys Ltd.