Why is Steel Exchange falling/rising?

As of 15-Jul, Steel Exchange India Ltd is currently priced at 10.95, reflecting an increase of 0.09 or 0.83%. The stock has been on an upward trend, gaining for the last five days and achieving a remarkable 13.71% return over the past week. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short-term momentum. However, despite this positive movement, the stock has experienced a significant decline of 20.65% over the past year, although it has seen a substantial profit increase of 138.2%. The company's attractive valuation, with a low PEG ratio of 0.4 and a discount compared to peers, contrasts with its weak long-term fundamentals, including a high Debt to EBITDA ratio and a concerning percentage of pledged promoter shares, which could exert downward pressure in adverse market conditions.
In the broader market context, Steel Exchange has significantly outperformed the Sensex in the short term, with a 13.71% increase over the past week compared to a decline of 1.36% for the benchmark. While the stock's year-to-date performance shows a modest gain of 7.14% against the Sensex's 5.67%, its long-term performance remains troubling, with a 51.44% decline over the past three years compared to the Sensex's 53.59% gain. This consistent underperformance highlights the challenges the company faces, despite its recent price increase, suggesting that investor sentiment may still be cautious due to the underlying financial issues.