Why is Visa Steel falling/rising?

As of 11-Sep, Visa Steel Ltd's stock price is rising, currently at Rs 40.69, reflecting an increase of 1.93 (4.98%). The stock has shown strong performance recently, gaining 21.1% over the last four days and outperforming its sector by 5.21% today. It opened with a gain of 4.98% and has consistently traded at this price level. Additionally, Visa Steel has demonstrated impressive returns over various periods, including a 37.89% increase over the past year and a remarkable 589.66% rise over the last five years. Positive financial results, such as a 136.6% growth in PAT and record net sales, contribute to the stock's upward momentum. However, the company faces challenges, including a negative book value and high debt levels, which may impact its long-term strength.
In the broader market context, Visa Steel's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.03% over the past week. This stark contrast highlights the stock's strong market position and investor interest in the near term. Despite its recent gains, the stock's high debt and pledged promoter shares introduce risks that could affect its stability in a downturn. Overall, while Visa Steel is currently experiencing a rise in stock price, the underlying financial challenges could pose risks for future performance.