Why is Shiva Cement falling/rising?

As of 16-Jul, Shiva Cement Ltd's stock price is currently at Rs 40.99, reflecting an increase of Rs 2.04 or 5.24%. Today's price summary indicates that the stock has outperformed its sector by 5.35% and has experienced a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 42, marking a 7.83% increase, although it also saw a low of Rs 37.3, indicating high volatility with an intraday fluctuation of 5.93%. Over the past week, the stock has shown a modest gain of 0.44%, but its performance over the last year remains concerning, with a decline of 17.24%. The company is facing significant challenges, including a high debt-to-equity ratio of 13.65, negative EBITDA, and poor long-term growth metrics, which have contributed to its underperformance against benchmarks over the past three years.
In the broader market context, while Shiva Cement's short-term performance has been positive, with a 17.11% increase over the past month compared to a 1.02% rise in the Sensex, the stock's long-term outlook remains bleak. The company's weak fundamentals, highlighted by negative operating profits and a lack of domestic mutual fund investment, suggest that investor confidence may be low. Despite the recent uptick in stock price, the overall trend indicates a consistent underperformance against the benchmark indices, which could deter potential investors looking for stability and growth.