Why is Visa Steel falling/rising?

As of 15-Jul, Visa Steel Ltd's stock price is rising, currently at Rs 36.50, reflecting an increase of 1.5 (4.29%). The stock has shown strong performance today, outperforming its sector by 4.22% and opening with a gain of 2.86%. It reached an intraday high of Rs 36.50, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has increased by 24.79%, significantly outperforming the Sensex, which rose by only 1.79%. However, despite the positive short-term performance, the company has a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamental strength. Additionally, 72.79% of promoter shares are pledged, which could exert downward pressure in adverse market conditions.
In the broader market context, Visa Steel's recent performance contrasts with the Sensex's decline of 1.36% over the past week, highlighting its resilience in a challenging environment. The stock's year-to-date return of 1.64% is lower than the Sensex's 5.67%, but its impressive 44.44% return over the past year and 152.07% over the past three years indicates strong long-term growth relative to the benchmark. Despite these positive trends, the company's poor long-term growth metrics, including a decline in net sales and negative operating profits, suggest that while the stock is currently rising, it faces significant risks that could impact its future performance.