Why is Chennai Ferrous falling/rising?

As of 14-Jul, Chennai Ferrous Industries Ltd is experiencing a price increase, currently at Rs 125.60, reflecting a rise of Rs 4.15 or 3.42%. The stock has shown strong performance today, outperforming its sector by 3.45%, and has gained consecutively over the last two days, with a total return of 7.21% during this period. It reached an intraday high of Rs 128.05, although it also saw a low of Rs 117.1. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite this, there has been a decline in investor participation, with delivery volume dropping by 26.75% compared to the 5-day average. The company has reported positive results for the last four consecutive quarters, with net sales growing significantly, although profits have decreased by 16.9% over the past year.
In the broader market context, Chennai Ferrous has outperformed the benchmark Sensex in the short term, with a 1-week return of +1.41% compared to the Sensex's -1.42%. However, the stock has a year-to-date decline of 4.49%, while the Sensex has gained 5.27% during the same period. The stock's attractive valuation, with a price-to-book value of 0.9 and a return on equity of 7.9, suggests potential for growth, although its long-term fundamental strength appears weak, as indicated by an 18.68% CAGR growth in operating profits over the last five years. Overall, while the recent price movement is positive, the mixed signals regarding profitability and investor participation may influence future performance.