Why is Steel Exchange falling/rising?

As of 24-Jul, Steel Exchange India Ltd is experiencing a price increase, currently at 10.54, reflecting a change of 0.28 or 2.73% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, despite this short-term gain, the stock has underperformed in the long term, with a one-year return of -26.35%. The stock's performance today has outpaced its sector by 1.52%, but there is a notable decline in investor participation, with delivery volume dropping by 37.18% against the five-day average. While the stock is trading at a discount compared to its peers and has seen a significant profit increase of 138.2% over the past year, its weak long-term fundamentals, including a high Debt to EBITDA ratio and low domestic mutual fund interest, raise concerns.
In the broader market context, the stock's one-week return is -0.75%, while the benchmark Sensex has only slightly declined by 0.09%. Over the past month, Steel Exchange has outperformed the Sensex with a return of +29.33% compared to the benchmark's +0.16%. Despite these short-term gains, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The combination of attractive short-term valuation metrics and significant profit growth contrasts sharply with the company's long-term growth challenges, leading to a complex outlook for investors.