Why is Visa Steel falling/rising?

As of 18-Aug, Visa Steel Ltd's stock price is currently flat at 33.60, with no change in percentage terms. The stock has underperformed its sector by 1.71% today, and while it is higher than the 5-day and 200-day moving averages, it is lower than the 20-day, 50-day, and 100-day moving averages. The stock has shown mixed performance over different periods, with a 1-week return of +0.90%, but a 1-month decline of -4.76%. Despite a strong yearly performance of +63.19%, the company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to a perception of risk among investors. Additionally, the significant pledge of promoter shares (72.79%) adds downward pressure in a falling market.
In the broader market context, Visa Steel's short-term performance has been slightly better than the benchmark Sensex, which has returned +0.83% over the past week. However, the stock's year-to-date performance of -6.43% contrasts sharply with the Sensex's +4.01% return, indicating that while the stock has had a strong long-term performance, its recent struggles may be influenced by broader market conditions and investor sentiment. The company's high debt levels and negative operating profits further complicate its outlook, suggesting that while it has historically outperformed the market, current fundamentals may be weighing on its stock price.