Why is Zenith Steel falling/rising?

As of 04-September, Zenith Steel Pipes & Industries Ltd is experiencing a price increase, with the current price at 7.51, reflecting a change of 0.09 or 1.21% upwards. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -2.97% and a 1-month return of -8.64%. The stock has gained after two consecutive days of decline, but it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 36.34% against the 5-day average. The company is facing substantial challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight positive return of 0.80% over the past week, Zenith Steel's performance has lagged significantly behind, highlighting its struggles. The stock's performance over the last year is particularly concerning, with a return of -24.06%, compared to the market's negative return of -4.38%. This stark contrast underscores the company's ongoing issues, including declining net sales and negative results over the past two quarters, which have led to a perception of risk among investors. Consequently, despite today's uptick, the overall sentiment surrounding Zenith Steel remains negative, reflecting broader concerns about its financial health and market position.