Why is Visa Steel falling/rising?

As of 26-Aug, Visa Steel Ltd is currently priced at 32.00, showing no change (0.00%) in its stock price. The stock has underperformed in the short term, with a 1-week return of -2.71% and a 1-month return of -11.65%. Today's price summary indicates that the stock has outperformed its sector by 1.77%, although it is trading below the 5-day, 20-day, 50-day, and 100-day moving averages, despite being higher than the 200-day moving average. The delivery volume has significantly decreased by 81.5% compared to the 5-day average, indicating falling investor participation. While the company reported positive results in June, including a substantial growth in profit before tax and net sales, it also faces challenges such as a negative book value, high debt levels, and a weak long-term growth outlook, which could contribute to investor caution.
In the broader market context, Visa Steel's recent performance contrasts with the Sensex, which has seen a decline of only 1.05% over the past week. Although the stock has generated a notable return of 45.12% over the past year, its profits have only increased by 44.5%, suggesting that the stock's high returns may not be sustainable given its underlying financial weaknesses. The high percentage of pledged promoter shares (72.79%) adds to the risk, particularly in a falling market, potentially exerting additional downward pressure on the stock price. Overall, while there are positive indicators, the combination of negative long-term fundamentals and declining investor participation suggests a cautious outlook for Visa Steel Ltd.