Why is Chennai Ferrous falling/rising?

As of 08-Jul, Chennai Ferrous Industries Ltd is experiencing a decline in its stock price, currently at Rs 120.95, which reflects a decrease of Rs 2.9 or 2.34%. Today's price summary indicates that the stock has underperformed its sector by 2.08%, with an intraday low of Rs 117.5, marking a drop of 5.13%. Despite a positive trend in delivery volume, which increased by 228.99% compared to the 5-day average, the stock's performance over the past year shows no return, while profits have decreased by 16.9%. The company has reported positive results for the last four consecutive quarters, with net sales growing significantly, but it is trading at a premium compared to its peers, indicating mixed signals for investors.
In the broader market context, the stock has shown a modest increase of 0.21% over the past week, while the benchmark Sensex has only increased by 0.02%. However, over the past month, Chennai Ferrous has outperformed the Sensex with a return of 7.51% compared to the benchmark's 1.85%. Despite these short-term gains, the stock's year-to-date performance is concerning, with a decline of 8.02% against the Sensex's rise of 7.13%. This combination of weak long-term fundamentals, despite recent positive sales growth, and the stock's premium valuation compared to peers may contribute to investor caution, leading to the current price decline.