Why is Visa Steel falling/rising?

As of 04-Jul, Visa Steel Ltd's stock price is currently at 38.00, reflecting an increase of 0.32, or 0.85%. The stock has shown strong performance recently, gaining 11.14% over the last three days and outperforming its sector by 1.49% today. Over the past week, Visa Steel has delivered a remarkable return of 16.74%, significantly surpassing the Sensex, which has declined by 0.74%. Despite this positive momentum, the company faces challenges, including a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -3.68% over the past five years. Additionally, a high debt-to-equity ratio and a significant portion of promoter shares being pledged contribute to the stock's risk profile.
Broader market context indicates that while Visa Steel has outperformed the broader market in the short term, with a 22.46% return over the past month compared to the Sensex's 3.01%, its long-term growth prospects remain uncertain. The stock's performance over the last year has been impressive at 35.81%, yet this has occurred alongside negative operating profits and a concerning EPS of Rs -42.16. The overall market sentiment may be affected by the company's high debt levels and the risk associated with pledged shares, which could exert downward pressure in a declining market.