Why is Shiva Cement falling/rising?

As of 24-Jun, Shiva Cement Ltd's stock price is currently at Rs 33.50, reflecting an increase of Rs 1.38 or 4.3%. Today, the stock outperformed its sector by 2.74%, reaching an intraday high of Rs 34.88, which is an 8.59% rise. However, despite this positive movement, the stock has shown a decline of 2.28% over the past week and a significant drop of 31.41% over the past year. The company's financial health raises concerns, as it has a high debt-equity ratio of 6.15 times and has reported negative operating profit growth of -205.19% over the last five years. Additionally, the recent financial results indicate a substantial decline in profitability, with a net profit after tax of Rs -87.22 crore, reflecting a growth decrease of 32.33%. This combination of high debt and poor long-term growth prospects contributes to a perception of risk among investors.
In the broader market context, the Sensex has shown a modest gain of 0.58% over the past week, while Shiva Cement's recent performance has been more volatile, with a notable decline in investor participation, as evidenced by a 49.22% drop in delivery volume compared to the five-day average. The stock's year-to-date performance is particularly concerning, with a decline of 15.40%, contrasting sharply with the Sensex's gain of 5.01% during the same period. This consistent underperformance against the benchmark, coupled with a lack of interest from domestic mutual funds, suggests that investor confidence in Shiva Cement remains low, despite today's price increase.