Why is Chennai Ferrous falling/rising?

As of 26-Jun, Chennai Ferrous Industries Ltd is experiencing a price increase, currently at Rs 121.00, reflecting a change of 1.05 (0.88%) upwards. The stock has been gaining over the past two days, with a total return of 4.76% during this period. However, it underperformed its sector by 1% today, having touched an intraday low of Rs 115.3, which represents a decline of 3.88%. In terms of returns, the stock has performed well in the short term, with a 6.19% increase over the past week and a 2.41% increase over the past month, although it has a year-to-date decline of 7.98%. The company has declared positive results for the last four consecutive quarters, with net sales growing significantly, which may contribute to the recent upward price movement. However, despite these positive indicators, the stock's profits have decreased by 16.9% over the past year, indicating some underlying weakness.
In the broader market context, the Sensex has increased by 2.94% over the past week, suggesting that while Chennai Ferrous is rising, it is doing so at a rate that exceeds the benchmark. The stock's performance over the last year shows a modest gain of 1.00%, but it lags behind the Sensex's 6.46% increase, highlighting a potential concern for investors. The stock's long-term fundamentals appear weak, with a significant decline in operating profits over the last five years, which may temper investor enthusiasm despite recent gains. Overall, while the stock is currently rising, the mixed signals from its financial performance and market comparisons suggest a cautious outlook.