Why is Steel Exchange falling/rising?

As of 30-Jun, Steel Exchange India Ltd is experiencing a price increase, currently at 10.15, reflecting a change of 0.2 or 2.01% upward. The stock has shown strong performance recently, gaining 27.35% over the past week and outperforming its sector by 2.01%. It has been on a consecutive gain streak for the last five days, and it is trading above its moving averages across various time frames. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 313.28% compared to the five-day average. However, despite a substantial year-to-date decline of 0.68% and a one-year drop of 30.38%, the company's profits have increased by 138.2%, indicating a potential undervaluation with a PEG ratio of 0.4.
In the broader market context, the stock's short-term performance of +27.35% over the past week significantly outpaces the Sensex's gain of 2.09% in the same period. While the stock has shown recent strength, it has consistently underperformed against the benchmark over the last three years, with a one-year return of -30.38% compared to the Sensex's +5.79%. The company faces challenges such as a high Debt to EBITDA ratio and a large proportion of pledged promoter shares, which could exert downward pressure in adverse market conditions. Despite these concerns, the attractive valuation relative to peers and recent profit growth may be contributing to the stock's current upward movement.