Why is Shiva Cement falling/rising?

As of 20-Jun, Shiva Cement Ltd's stock price is currently at Rs 32.93, reflecting an increase of Rs 1.8 or 5.78%. The stock has shown a trend reversal today, gaining after three consecutive days of decline, and it outperformed its sector by 5.81%. Despite this positive movement, the stock has a mixed performance history, with a 1-week return of -2.49% and a year-to-date decline of -16.84%. The company is facing significant challenges, including a high debt-to-equity ratio of 6.15 times, negative EBITDA, and poor long-term growth metrics, which have contributed to its underperformance against benchmarks over the past year.
In the broader market context, while the Sensex has gained 1.59% over the past week, Shiva Cement's recent performance has been lackluster, with a 1-month return of +7.16% compared to the Sensex's +1.50%. This indicates that although the stock is experiencing a short-term rise, it has consistently underperformed the market over longer periods, including a staggering -33.03% return over the past year. The lack of interest from domestic mutual funds, holding only 0% of the company, further underscores the market's cautious stance towards Shiva Cement, suggesting that investors remain wary of its financial health and growth prospects.