Why is Vallabh Steels falling/rising?

As of 26-Jun, Vallabh Steels Ltd is currently priced at 8.96, reflecting an increase of 0.41 or 4.8%. The stock has shown a performance today that outperformed its sector by 2.92%. However, it has experienced erratic trading, not trading on one day out of the last twenty. The stock's delivery volume has significantly decreased by 94.4% against the five-day average, indicating falling investor participation. While the stock has outperformed the benchmark in the past week with a return of 9.27% compared to the Sensex's 2.94%, it has underperformed over longer periods, with a year-to-date return of -2.61% against the Sensex's 7.19%. The company faces challenges such as a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength.
In the broader market context, while Vallabh Steels has shown a positive short-term return, it has significantly underperformed the market over the past year, generating a return of -33.03% compared to the BSE 500's 4.11%. This stark contrast highlights the stock's struggles despite recent gains. The company's weak fundamentals, including negative EBITDA and flat sales growth, further exacerbate its risk profile, making it a risky investment compared to its historical valuations. Overall, the stock's recent rise may be a short-term reaction amidst ongoing long-term challenges.