Why is Visa Steel falling/rising?

As of 29-Jul, Visa Steel Ltd's stock price is currently at 36.00, reflecting an increase of 0.55, or 1.55%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, the stock has shown strong performance over the past year, with a return of 57.83%, significantly outperforming the BSE500, which has seen negative returns of -2.26%. Additionally, there has been a remarkable increase in investor participation, with delivery volume rising by 2010.49% against the 5-day average, suggesting heightened interest in the stock. However, the company faces challenges, including a negative book value and a high debt-to-equity ratio, which contribute to concerns about its long-term fundamental strength.
In the broader market context, Visa Steel's short-term performance has been favorable compared to the Sensex, which has declined by 1.03% over the past week. While Visa Steel has generated a return of 0.45% in the same period, the overall market sentiment remains cautious due to the company's weak long-term growth prospects, as evidenced by a decline in net sales and negative operating profits. Despite these challenges, the stock's recent price increase can be attributed to its strong historical performance and rising investor interest, which contrasts with the broader market's struggles.