Why is Visa Steel falling/rising?

As of 04-Aug, Visa Steel Ltd's stock price is currently at 34.88, reflecting a slight increase of 0.11 or 0.32%. Despite this uptick, the stock has underperformed its sector by 2.53% today and has experienced a trend reversal after two consecutive days of decline. Over the past week, the stock has decreased by 1.61%, and it has shown a significant decline of 8.21% over the past month. While the stock has delivered a remarkable 52.92% return over the last year, its long-term fundamentals are concerning, with a negative book value and weak growth indicators, including a -3.68% annual rate of net sales growth. Additionally, 72.79% of promoter shares are pledged, which may exert further downward pressure in volatile market conditions.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.16% over the past week, Visa Steel's short-term performance has lagged significantly. The steel sector as a whole has seen a gain of 2.92%, indicating a positive trend in the industry that Visa Steel has not capitalized on. The stock's liquidity remains adequate for trading, but a drastic fall in delivery volume suggests declining investor participation, which could be a contributing factor to its recent price movements. Overall, while the stock has shown strong long-term performance, the combination of negative operating profits, high debt levels, and pledged shares presents a risky outlook that may be influencing its current price dynamics.