Why is SRU Steels falling/rising?

As of 21-Jul, SRU Steels Ltd is experiencing a price increase, currently at 6.00, reflecting a change of 0.25 or 4.35% upward. The stock has shown a positive performance today, outperforming its sector by 3.43%. In terms of returns, over the past week, the stock has gained 2.04%, while it has increased by 5.26% over the past month. However, it is important to note that the stock has underperformed significantly over the longer term, with a year-to-date decline of 26.38% and a one-year drop of 38.21%. Positive factors contributing to the recent price movement include a substantial growth in net sales of 175.44% over the last nine months, along with the highest quarterly PBDIT and PBT figures recorded. Additionally, institutional investors have increased their stake by 2.64%, indicating a growing confidence in the company's potential despite its weak long-term fundamentals.
In the broader market context, while SRU Steels has shown positive short-term returns, it has still underperformed relative to the benchmark, with the Sensex experiencing a slight decline of 0.06% over the past week and a modest drop of 0.25% over the past month. This indicates that while SRU Steels is gaining traction in the short term, it remains vulnerable due to its long-term challenges, including a negative EBITDA and a significant decline in profits over the past year. The company's weak ability to service its debt and low return on equity further complicate its outlook, suggesting that the recent price rise may not be sustainable without improvements in its fundamental performance.