Why is Visa Steel falling/rising?

As of 14-Aug, Visa Steel Ltd's stock price is currently at 33.60, reflecting an increase of 0.6, or 1.82%. The stock has shown a market-beating performance in the long term, with a 63.19% return over the past year and a remarkable 510.91% increase over the last five years. However, despite today's positive movement, the stock's delivery volume has significantly decreased by 88.5% compared to the five-day average, indicating falling investor participation. Additionally, the stock is trading above its 5-day and 200-day moving averages but below its 20-day, 50-day, and 100-day moving averages. The company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which could contribute to investor caution despite its recent price rise.
In the broader market context, Visa Steel's short-term performance of +0.84% over the past week contrasts with the Sensex, which has seen a slight decline of -0.03%. While the stock has outperformed the benchmark in the short term, its long-term fundamentals remain weak, with negative operating profits and a high percentage of pledged promoter shares, which could exert downward pressure in a falling market. Overall, while the stock has shown positive movement today, the underlying financial challenges and reduced investor participation may temper enthusiasm among investors.