Why is Shah Alloys falling/rising?

As of 04-Sep, Shah Alloys Ltd's stock price is currently at Rs 58.30, reflecting a decrease of Rs 3.0, or 4.89%. Today's price summary indicates that the stock opened with a gain of 7.67% but has since fallen, marking a trend reversal after four consecutive days of gains. The stock has shown high volatility, trading within a wide range of Rs 8.45, with a day's low of Rs 57.55. Over the past week, the stock has outperformed the benchmark Sensex, gaining 6.19% compared to the Sensex's 0.80%. However, the stock has underperformed over the longer term, with a year-to-date decline of 11.67% against the Sensex's gain of 3.30%. The company's negative book value and weak long-term fundamentals, including a high debt-to-equity ratio and declining net sales, contribute to the stock's recent downward movement.
Broader market context shows that while the stock has seen some short-term gains, its overall performance has been significantly worse than the market, with a one-year return of -25.22% compared to the BSE500's -4.38%. This underperformance is compounded by the company's negative financial results over the last five quarters, including a substantial drop in profits and negative EBITDA. The falling investor participation, indicated by a significant drop in delivery volume, further suggests a lack of confidence among investors, which may be contributing to the stock's decline.