Why is Visa Steel falling/rising?

As of 25-Jul, Visa Steel Ltd's stock price is currently at Rs 36.22, reflecting an increase of Rs 1.72 or 4.99%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 6.79% and has reversed a two-day decline. It opened with a significant gain of 4.93% and reached an intraday high of Rs 36.22. Over the past week, Visa Steel has shown a return of +2.66%, and over the past month, it has increased by +5.02%, while the broader market, represented by the Sensex, has experienced negative returns of -0.36% and -1.56%, respectively. However, despite this positive movement, the company faces challenges such as a negative book value and high debt levels, which contribute to a weak long-term fundamental strength.
In the broader market context, Visa Steel's short-term performance stands in stark contrast to the benchmark, as it has managed to generate positive returns while the Sensex has declined. This divergence highlights the stock's resilience amidst a generally unfavorable market environment. Despite the impressive one-year return of 50.85%, concerns remain regarding the company's long-term growth potential, as evidenced by declining net sales and negative operating profits. These factors suggest that while the stock is currently rising, it operates in a risky environment that could impact its future performance.