Why is Chennai Ferrous falling/rising?

As of 29-Jul, Chennai Ferrous Industries Ltd is currently priced at 121.00, reflecting a slight increase of 0.1 (0.08%). The stock has shown a positive trend recently, gaining 1.21% over the last two days, although it has underperformed its sector by 1.23% today. While the stock has generated a return of -2.38% over the past year, it has reported positive results for the last four consecutive quarters, with net sales growing significantly by 165.73%. However, despite its attractive valuation with a Price to Book Value of 0.9 and a return on equity of 7.9, the stock has seen a decline in profits by 16.9% over the past year, contributing to its overall weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has been relatively better compared to the benchmark, as it has gained 1.77% over the past month while the Sensex has declined by 3.24%. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant drop of 43.93% compared to the Sensex's gain of 41.28% in the same period. The falling investor participation, indicated by a 90.57% drop in delivery volume, suggests a lack of confidence among investors, which may further impact the stock's performance moving forward.