Why is Shiva Cement falling/rising?

As of 29-Jul, Shiva Cement Ltd's stock price is currently at 38.09, reflecting an increase of 0.2 or 0.53%. The stock has shown a trend reversal by gaining after four consecutive days of decline, outperforming its sector by 0.42%. However, the stock's performance over the past week is down by 5.23%, while it has increased by 9.27% over the past month. Despite this recent uptick, the company faces significant challenges, including a high debt-to-equity ratio of 13.65 times, which indicates weak long-term fundamental strength. The company has reported a negative EBITDA and a substantial decline in profits, with a 77.1% drop over the past year, contributing to its overall underperformance against benchmarks over the last three years.
In the broader market context, the Sensex has fallen by 1.03% over the past week, which is less than Shiva Cement's decline, indicating that the stock's short-term performance is relatively worse than the market. While the stock has shown some recovery in the short term, its long-term outlook remains bleak due to poor sales growth and lack of investor confidence, as evidenced by the absence of domestic mutual fund holdings. This combination of factors suggests that while there may be short-term gains, the overall sentiment surrounding Shiva Cement remains negative, reflecting the company's ongoing struggles in a challenging market environment.