Why is Shalimar Wires falling/rising?

As of 24-Jun, Shalimar Wires Industries Ltd is experiencing a price increase, currently at 21.25, reflecting a change of 0.45 or 2.16% upward. Today's performance indicates that the stock has outperformed its sector by 1.32%, and there has been a significant rise in investor participation, with delivery volume increasing by 274.88% compared to the 5-day average. However, despite this positive movement, the stock has underperformed over the past week, month, and year, with returns of -5.01%, -1.53%, and -8.64%, respectively. The company has a fair valuation with a return on capital employed (ROCE) of 4.7, and while it is trading at a discount compared to its peers, it has high debt levels and weak long-term growth prospects, which may be contributing to its overall negative performance.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has shown a positive return of 0.58% over the past week. The stock's long-term growth has been hindered by a high debt-to-equity ratio of 2.94 times and low profitability, with a return on equity averaging only 1.09%. Additionally, 45.08% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market. Overall, while there are some positive indicators in the short term, the company's underlying financial challenges and its significant underperformance relative to the market suggest a cautious outlook.