Why is Vibhor Steel falling/rising?

As of 16-Sep, Vibhor Steel Tubes Ltd's stock price is currently at Rs 162.40, reflecting an increase of Rs 2.75 or 1.72%. The stock has been gaining for the last three days, with a total return of 2.27% during this period. It has outperformed its sector by 1.06% today and reached an intraday high of Rs 162.85. However, despite these short-term gains, the stock has underperformed significantly over the past year, with a return of -38.73%, compared to the Sensex's decline of only -0.73%. The company has a low Return on Capital Employed (ROCE) of 7.7% and a high Debt to EBITDA ratio of 4.15, indicating weak long-term fundamental strength, which may contribute to investor caution.
Broader market context shows that Vibhor Steel's short-term performance has been slightly better than the benchmark, with a 1.69% increase over the past week compared to the Sensex's 1.58%. However, the stock's year-to-date performance is concerning, with a decline of -24.38% against the Sensex's gain of 5.43%. The falling investor participation, as indicated by a 13.15% drop in delivery volume, suggests a lack of confidence among investors, which could hinder any sustained recovery despite recent price increases. Overall, while there are some positive short-term movements, the broader context of weak fundamentals and significant underperformance over the past year raises concerns about the stock's future trajectory.