Why is Visa Steel falling/rising?

As of 12-Sep, Visa Steel Ltd's stock price is currently at Rs 42.72, reflecting an increase of Rs 2.03 or 4.99%. The stock has shown strong performance recently, gaining 27.14% over the past week and outperforming its sector by 5.02% today. It opened with a gain of 4.99% and has maintained this price throughout the trading session. Additionally, Visa Steel has demonstrated impressive long-term returns, with a 44.76% increase over the past year and a staggering 624.07% rise over the last five years. Positive quarterly results, including a significant growth in PAT and net sales, have contributed to this upward momentum. However, the company faces challenges such as a negative book value and high debt levels, which could impact its long-term stability.
In the broader market context, Visa Steel's recent performance significantly outpaces the benchmark Sensex, which has only risen by 1.48% over the past week. This stark contrast highlights the stock's strong market position and investor interest, despite concerns regarding its long-term fundamentals. The stock's ability to generate substantial returns in both the short and long term suggests a favorable outlook, although the high percentage of pledged promoter shares introduces a level of risk that could affect future price movements. Overall, while the stock is currently rising, the underlying financial health of the company remains a critical factor for investors to consider.