Why is Zenith Steel falling/rising?

As of 15-Jul, Zenith Steel Pipes & Industries Ltd is experiencing a price increase, currently at 8.00, reflecting a change of 0.14 or 1.78% upward. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.71%. However, despite this short-term gain, the stock has underperformed in the longer term, with a 1-month return of -9.19% and a 1-year return of -29.52%. The company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Additionally, the stock's liquidity is adequate for trading, but there has been a notable decline in investor participation, with delivery volume falling by 82.05% against the 5-day average.
In the broader market context, while the Sensex has generated a positive return of 1.79% over the past month, Zenith Steel's performance has lagged significantly, indicating a disconnect between the stock and the overall market trends. The stock's negative performance over the past year, contrasted with the market's modest gains, highlights its struggles amidst a challenging financial landscape. Despite a recent uptick in price, the underlying fundamentals and historical performance suggest that the stock remains a risky investment, further compounded by its negative EBITDA and poor growth metrics.