Why is Chennai Ferrous falling/rising?

As of 16-Jul, Chennai Ferrous Industries Ltd is experiencing a decline in its stock price, currently at 124.00, which reflects a decrease of 0.7 or 0.56%. The stock has been losing value for the last two days, with a total drop of 1.27% during this period. Despite a positive performance over the past week and month, with returns of 2.95% and 9.20% respectively, the stock has underperformed significantly on a year-to-date basis, down 5.70%. The company has reported positive results for the last four consecutive quarters, including a notable growth in net sales, but its profits have decreased by 16.9% over the past year. Additionally, the stock is trading at a premium compared to its peers, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has generated a return of -1.08% over the past week while the Sensex has declined. The stock's liquidity appears to be decreasing, with a significant drop in delivery volume, indicating falling investor participation. Furthermore, the stock has consistently underperformed against the benchmark over the last three years, which may lead to a lack of confidence among investors. Overall, while the company has shown some positive financial metrics, the combination of declining profits, reduced investor interest, and historical underperformance against benchmarks suggests a challenging environment for the stock.