Why is Steel Exchange falling/rising?

As of 28-Jul, Steel Exchange India Ltd is currently priced at 10.69, reflecting an increase of 0.1 or 0.94%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 4.19% during this period. It is also outperforming its sector by 2.04%. The stock is trading above its moving averages across various time frames, indicating bullish momentum. Despite a significant decline of 24.72% over the past year, the company has seen a remarkable profit increase of 138.2%, contributing to a favorable PEG ratio of 0.4. However, concerns regarding long-term growth persist, as evidenced by a high Debt to EBITDA ratio and weak long-term fundamental strength.
In the broader market context, Steel Exchange's short-term performance of +4.19% over the last three days contrasts with a -1.93% return over the past week, indicating a recovery phase. While the stock has outperformed the Sensex in the short term, it has consistently underperformed against the benchmark over the last three years, with a significant decline in annual returns. The stock's liquidity appears sufficient for trading, but the low domestic mutual fund ownership suggests a lack of confidence from institutional investors, which may impact future price movements.