Why is Visa Steel falling/rising?

As of 01-Jul, Visa Steel Ltd's stock price is rising, currently at 37.08, reflecting an increase of 1.76 or 4.98%. The stock has demonstrated strong performance, outperforming the sector by 4.73% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Visa Steel has gained 14.55%, and over the last month, it has risen by 16.68%. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 98.27% against the 5-day average. While the stock has shown impressive returns over the past year, with a 38.46% increase, it also faces challenges, including a negative book value and high debt levels, which contribute to its classification as a risky investment.
In the broader market context, Visa Steel's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.99% over the past week and 3.20% over the past month. This strong relative performance highlights investor interest despite the company's underlying weaknesses, such as poor long-term growth and high debt levels. The stock's ability to generate substantial returns in the short term, coupled with its historical performance, suggests that it is currently favored by investors, even as concerns about its long-term fundamentals persist.