Why is Chennai Ferrous falling/rising?

As of 15-Jul, Chennai Ferrous Industries Ltd is experiencing a decline in its stock price, currently at 124.70, which reflects a decrease of 0.9 or 0.72%. The stock has underperformed its sector today by 0.79% and has seen a trend reversal after two consecutive days of gains. Despite being above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Over the past week, the stock has increased by 3.10%, and over the last month, it has risen by 11.79%. However, it has a year-to-date decline of 5.17%. The company has reported positive results for the last four consecutive quarters, with net sales growing significantly, but its profits have fallen by 16.9% over the past year, indicating some underlying weakness.
In the broader market context, the Sensex has declined by 1.36% over the past week, while Chennai Ferrous has outperformed this benchmark. However, the stock's long-term fundamentals appear weak, with an 18.68% CAGR growth in operating profits over the last five years. The stock is trading at a premium compared to its peers, which may contribute to its current price movement. Despite rising investor participation, indicated by a significant increase in delivery volume, the overall sentiment may be tempered by concerns over its long-term profitability and the recent profit decline.