Why is Chennai Ferrous falling/rising?

As of 25-Jul, Chennai Ferrous Industries Ltd's stock price is currently at 119.55, reflecting a decrease of 4.45, or 3.59%. Today's price summary indicates that the stock has underperformed its sector by 1.79% and has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday high of Rs 127 but fell to a low of Rs 116.75, with trading volume skewed towards the lower price. Over the past week, the stock has declined by 3.24%, and it has underperformed the benchmark Sensex over various periods, including a year-to-date drop of 9.09%. Although the company has reported positive results for the last four quarters, including a significant growth in net sales, its profits have decreased by 16.9% over the past year, contributing to the stock's recent decline.
In the broader market context, Chennai Ferrous has consistently underperformed against the benchmark over the last three years, generating a return of -2.41% in the past year compared to the Sensex's positive return of 1.78%. The stock's long-term fundamental strength appears weak, with a CAGR growth in operating profits of 18.68% over the last five years, and it has not kept pace with the broader market trends. This consistent underperformance, combined with falling investor participation and a premium valuation compared to peers, suggests that the stock's recent price movement is influenced by both internal challenges and broader market dynamics.