Why is Visa Steel falling/rising?

As of 05-Sep, Visa Steel Ltd's stock is currently priced at 33.60, reflecting a decrease of 0.4, or 1.18%. The stock has underperformed its sector by 1.54% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.61%. Despite a strong long-term performance, with a 25.47% return over the past year and significant gains over three and five years, recent quarterly results showed a negative trend in sales growth and operating profits. The company has a negative book value and a high debt-to-equity ratio, which raises concerns about its long-term fundamental strength. Additionally, 72.79% of promoter shares are pledged, adding further downward pressure in a declining market.
In the broader market context, Visa Steel's short-term performance contrasts with the Sensex, which has gained 1.13% over the past week while Visa Steel has risen by 6.57%. However, the stock's year-to-date performance is down by 6.43%, while the Sensex has increased by 3.29%. This indicates that while Visa Steel has shown some resilience in the short term, its overall performance remains weak compared to the benchmark, particularly in light of its recent price decline and the concerning financial metrics that suggest a risky investment environment.