Why is Visa Steel falling/rising?

As of 14-Jul, Visa Steel Ltd's stock price is currently at 35.00, reflecting a decrease of 0.8, or 2.23%. The stock has underperformed its sector by 2.2% today, with a notable decline in investor participation, as evidenced by a 90.85% drop in delivery volume compared to the 5-day average. While the stock has shown a strong performance over the past year with a return of 31.63%, it faces significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, the company's net sales have declined at an annual rate of 3.68%, and a substantial 72.79% of promoter shares are pledged, which may exert further downward pressure on the stock price in a declining market.
In the broader market context, Visa Steel's short-term performance over the past week shows a decline of 3.47%, contrasting with the Sensex's decrease of only 1.42%. This indicates that the stock is not only underperforming relative to the market but also facing specific challenges that are exacerbating its price decline. Despite its impressive long-term returns, the current negative operating profits and high debt levels suggest that investor confidence may be waning, leading to the stock's recent downward movement.