Why is Vallabh Steels falling/rising?

As of 04-Jul, Vallabh Steels Ltd is currently priced at 9.39, showing no change (0.00%). The stock has outperformed its sector today by 0.64% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 4.80%, although it has seen a decline of 8.75% over the past month and a significant drop of 23.91% over the past year. Despite a recent rise in investor participation, with delivery volume increasing by 762.07% against the 5-day average, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its weak fundamental strength.
In the broader market context, while Vallabh Steels has shown a positive short-term return, the benchmark Sensex has declined by 0.74% over the past week. However, the stock has underperformed the market significantly over the last year, where the BSE500 has generated returns of 2.13%. This underperformance, coupled with the company's negative EBITDA and flat results, indicates that despite some short-term gains, the long-term outlook remains concerning, which may hinder sustained price increases.