Why is Shiva Cement falling/rising?

As of 13-Oct, Shiva Cement Ltd's stock price is currently at Rs 28.73, reflecting an increase of Rs 1.96 or 7.32%. The stock has shown positive momentum recently, gaining 8.13% over the last two days and outperforming its sector by 7.8% today. Despite this short-term rise, the stock has faced significant challenges, including a year-to-date decline of 27.45% and a troubling 38.15% drop over the past year. The company is burdened with high debt, as indicated by a Debt-Equity Ratio of 13.65 times, and has reported poor long-term growth metrics, including a 20.46% decline in net sales and a 77.1% drop in profits over the past year. This combination of weak fundamentals and high risk has led to a lack of confidence among investors, as evidenced by the negligible holdings from domestic mutual funds.
In the broader market context, Shiva Cement's recent performance contrasts with the benchmark Sensex, which has seen a modest increase of 5.36% year-to-date. While the stock has outperformed the benchmark in the short term, its long-term performance remains concerning, with consistent underperformance over the last three years. The stock's volatility and falling investor participation, alongside its weak financial health, suggest that while there may be short-term gains, the overall outlook remains precarious, reflecting a broader trend of investor caution in light of the company's financial instability.