Why is Shiva Cement falling/rising?

As of 22-Jul, Shiva Cement Ltd's stock price is currently at 40.19, reflecting an increase of 0.92 or 2.34%. The stock has shown a positive trend today, outperforming its sector by 2.05% and reversing a three-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential upward momentum. However, the stock has a concerning backdrop, including a high debt-to-equity ratio of 13.65, poor long-term growth metrics, and negative EBITDA, which suggest significant financial risks. Additionally, the company has seen a decline in investor participation, with delivery volume falling by 13.66% compared to the 5-day average, and domestic mutual funds holding no stake, indicating a lack of confidence in the stock.
In the broader market context, Shiva Cement's short-term performance has been notably better than the benchmark, with a 1-week return of +3.18% compared to the Sensex's -0.47%. However, over the longer term, the stock has consistently underperformed against the benchmark, with a 1-year return of -15.21% compared to the Sensex's +2.09%. This pattern of underperformance, coupled with the company's weak financial fundamentals, suggests that while there may be short-term gains, the long-term outlook remains precarious, contributing to the mixed sentiment surrounding the stock.