Why is Visa Steel falling/rising?

As of 17-Jul, Visa Steel Ltd's stock price is currently at 35.26, reflecting a decline of 0.77, or 2.14%. The stock has been underperforming, having lost 3.4% over the last two days and underperformed its sector by 2.61% today. Despite a strong performance over the past year with a return of 39.53%, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio. Additionally, the company's net sales have decreased at an annual rate of -3.68%, and it has reported negative operating profits, which contribute to its risky trading status. Furthermore, 72.79% of promoter shares are pledged, which can exert additional downward pressure on the stock in a falling market.
In the broader market context, Visa Steel's short-term performance contrasts with the benchmark, as it has gained 0.34% over the past week while the Sensex has declined by 1.12%. However, the stock's year-to-date performance shows a decline of 1.81%, while the Sensex has increased by 5.27%. This underperformance relative to the benchmark, combined with the company's weak long-term fundamentals and recent price movements, indicates that investor sentiment may be cautious, leading to the stock's current downward trend.