Why is Visa Steel falling/rising?

As of 09-Jul, Visa Steel Ltd's stock price is currently at Rs 36.98, reflecting a decrease of Rs 1.09 or 2.86%. Today's price summary indicates that the stock opened lower, with a gap down of 2.86%, and has since traded flat at this price. Despite this decline, the stock has shown strong performance over the past year, generating a return of 39.07%, significantly outperforming the market benchmark. However, the company faces challenges, including a negative book value and weak long-term growth, as evidenced by a decline in net sales and high debt levels. Additionally, 72.79% of promoter shares are pledged, which could exert further downward pressure on the stock in a declining market.
In the broader market context, Visa Steel's short-term performance over the past week shows a gain of 3.04%, which is notably higher than the Sensex's increase of 0.15%. However, the stock's current decline today suggests a temporary setback despite its overall strong performance in the longer term. The company's high debt and negative operating profits contribute to its risk profile, which may deter some investors, especially in a volatile market environment.