Why is Shahi Shipping falling/rising?

As of 12-Aug, Shahi Shipping Ltd's stock price is currently at 16.50, reflecting an increase of 0.67 or 4.23%. The stock has shown positive momentum recently, gaining for the last two days and outperforming its sector by 2.02%. However, despite this short-term gain, the stock has underperformed over the past week and month, with returns of -1.73% and -5.17%, respectively. The company's long-term fundamentals are weak, evidenced by a low Return on Capital Employed (ROCE) of 2.46% and a significant decline in net sales and profits over the last six months. Additionally, a reduction in promoter confidence, with a 23.11% decrease in their stake, suggests concerns about the company's future prospects.
Broader market context indicates that while Shahi Shipping has seen a short-term uptick, it has significantly underperformed the benchmark over the past year, with a return of -37.24% compared to the Sensex's +0.74%. The shipping sector has gained by 2.05%, which may have contributed to the stock's recent rise. However, the overall market sentiment remains cautious due to the company's poor long-term growth metrics and high debt levels, leading to a challenging environment for sustained price increases.