Why is Steel Exchange falling/rising?

As of 29-Jul, Steel Exchange India Ltd's stock price is currently at 10.91, reflecting an increase of 0.22 or 2.06%. The stock has shown strong performance recently, having gained 6.34% over the last four days and outperforming its sector by 0.75% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a one-year return of -24.18%, the company has seen a significant profit increase of 138.2%, and its attractive valuation, with a PEG ratio of 0.4, suggests it is trading at a discount compared to peers. However, the stock's long-term fundamentals are weak, with a high Debt to EBITDA ratio and poor growth metrics, which may temper investor enthusiasm.
In the broader market context, Steel Exchange has outperformed the Sensex over the past week and month, with returns of +1.68% and +9.65%, respectively, while the Sensex has declined by -1.03% and -3.24%. This short-term outperformance may be contributing to the stock's recent price rise. However, the stock has consistently underperformed against the benchmark over the last three years, which raises concerns about its long-term viability. The low stake held by domestic mutual funds, at only 0.01%, may indicate a lack of confidence in the company's future prospects, despite its recent gains.