Why is Shah Alloys falling/rising?

As of 29-Aug, Shah Alloys Ltd is experiencing a price increase, currently at Rs 56.63, which reflects a rise of 1.73 or 3.15%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 4.04% and has gained after two consecutive days of decline. It opened with a gain of 3.13% and reached an intraday high of Rs 57, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Despite this short-term gain, the stock has shown a significant decline over the past year, with a return of -29.21%, and has a negative book value, indicating weak long-term fundamentals. The company has reported negative results for the last five consecutive quarters, contributing to its high debt levels and poor growth prospects.
In the broader market context, Shah Alloys' short-term return of +1.65% over the past week contrasts sharply with the Sensex, which has fallen by -1.84% during the same period. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the past year, with a decline much steeper than the BSE500's -5.40%. This underperformance, combined with a high debt-to-equity ratio and declining net sales, suggests that while there may be short-term gains, the overall outlook for Shah Alloys remains risky and uncertain.