Why is Shah Alloys falling/rising?

As of 01-Oct, Shah Alloys Ltd is experiencing a price increase, with its current price at Rs 70.68, reflecting a rise of 3.36 (4.99%). The stock has outperformed its sector by 4.53% today and has reached an intraday high of Rs 70.68. In the past week, the stock has shown a return of +5.67%, and over the last month, it has increased by +18.00%. However, despite these short-term gains, the company has a negative book value and has reported poor long-term growth, with net sales declining at an annual rate of -14.72% over the last five years. Additionally, the company has declared negative results for the last five consecutive quarters, with a significant drop in both profit after tax and net sales.
In the broader market context, while Shah Alloys has shown positive short-term returns, it has underperformed the market over the past year, with a return of -23.42% compared to the BSE500's -5.88%. This stark contrast highlights the stock's volatility and the risks associated with its high debt levels, as indicated by a debt-to-equity ratio of 2.97 times. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a decrease in delivery volume, may signal caution among investors. Overall, while the stock is currently rising, its long-term fundamentals and recent performance suggest significant underlying risks.