Why is Chennai Ferrous falling/rising?

As of 30-Jun, Chennai Ferrous Industries Ltd's stock price is currently at 119.50, reflecting an increase of 0.6, or 0.5%. The stock has shown a positive performance today, outperforming its sector by 0.5%. Additionally, it has been trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The stock has experienced a 3.11% increase over the past week, while its year-to-date performance shows a decline of 9.13%. Despite a modest return of 0.46% over the past year, the company's profits have decreased by 16.9%, which may contribute to investor caution. However, the company has reported positive results for the last four consecutive quarters, with net sales growing significantly by 165.73%, and it maintains an attractive valuation with a price-to-book value of 0.8.
In the broader market context, Chennai Ferrous Industries Ltd's short-term return of 3.11% over the past week outpaces the Sensex's gain of 2.09% during the same period. This indicates that the stock is performing relatively well compared to the overall market. However, the stock's year-to-date decline of 9.13% contrasts sharply with the Sensex's increase of 7.00%, suggesting that while the stock may be experiencing short-term gains, it has struggled significantly in the longer term. The weak long-term fundamental strength, indicated by an 18.68% CAGR growth in operating profits over the last five years, could be a concern for investors looking for stability.