Why is Vibhor Steel falling/rising?

As of 19-Sep, Vibhor Steel Tubes Ltd's stock is currently priced at Rs 162.70, reflecting an increase of Rs 2.85 or 1.78%. The stock has shown a positive trend today, outperforming its sector by 1.58% and reversing a two-day decline with an intraday high of Rs 164.05. Over the past week, the stock has gained 1.94%, and in the last month, it has increased by 3.60%. However, despite these short-term gains, the stock has significantly underperformed over the year, with a decline of 34.92%, while its profits have also fallen by 34%. The company's Return on Capital Employed (ROCE) stands at a low 7.7%, indicating weak long-term fundamental strength, compounded by a high Debt to EBITDA ratio of 4.15 times.
In the broader market context, Vibhor Steel's recent performance contrasts with the Sensex, which has risen by 0.88% over the past week and 1.20% over the past month. While the stock has shown some resilience in the short term, its overall year-to-date performance remains poor, with a decline of 24.24% compared to the Sensex's gain of 5.74%. This underperformance highlights the challenges the company faces, including falling investor participation and negative financial results, which may continue to weigh on its stock price despite today's uptick.