Why is Chennai Ferrous falling/rising?

As of 07-Jul, Chennai Ferrous Industries Ltd is experiencing a price increase, currently at Rs 123.85, reflecting a rise of Rs 4.15 or 3.47%. The stock has outperformed its sector by 3.65% today, reaching an intraday high of Rs 125, which is a 4.43% increase. Over the past week, the stock has risen by 3.64%, and over the last month, it has shown a significant gain of 10.09%. However, despite these positive short-term movements, the stock has faced challenges, including a 75.67% decline in delivery volume compared to the 5-day average, indicating falling investor participation. The company has reported positive results for the last four consecutive quarters, with net sales growing at 165.73%, but its profits have decreased by 16.9% over the past year, which may temper investor enthusiasm.
In the broader market context, while Chennai Ferrous has shown strong short-term performance, the benchmark Sensex has seen a slight decline of 0.20% over the past week. The stock's year-to-date performance is down by 5.82%, contrasting with the Sensex's gain of 6.79%, highlighting a divergence in performance. Despite the attractive valuation with a Price to Book Value of 0.9 and a return on equity of 7.9, the stock's long-term fundamentals are considered weak, with a CAGR growth of only 18.68% in operating profits over the last five years. This mixed performance suggests that while there are positive indicators in the short term, the long-term outlook remains uncertain, which could influence investor sentiment and stock price movements.