Why is Vallabh Steels falling/rising?

As of 30-Jun, Vallabh Steels Ltd is experiencing a price increase, currently at 9.39, reflecting a change of 0.43 or 4.8% upward. The stock has shown a strong performance today, outperforming its sector by 4.8%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant rise in investor participation, with a delivery volume increase of 452.15% against the 5-day average. However, the company faces challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Despite the recent price rise, the stock has underperformed over the past year, with a return of -25.77%.
In the broader market context, Vallabh Steels has outperformed the Sensex in the short term, with a 1-week return of +15.07% compared to the Sensex's +2.09%. However, over the longer term, the stock has underperformed the market, with a 1-month return of -13.85% against the Sensex's +2.65% and a year-to-date return of +2.07% compared to the Sensex's +7.00%. This disparity highlights the stock's volatility and the challenges it faces in maintaining consistent performance relative to the broader market.