Why is Chennai Ferrous falling/rising?

As of 02-Sep, Chennai Ferrous Industries Ltd is currently priced at Rs 133.50, reflecting a decrease of Rs 2.95 or 2.16%. The stock has underperformed its sector by 2.85% today, with an intraday high of Rs 141.5 and a low of Rs 132.6. Despite this decline, the stock has shown positive returns over the past week and month, with increases of 8.10% and 10.79%, respectively. The company has demonstrated strong management efficiency, a low debt-to-equity ratio, and healthy long-term growth, as evidenced by a significant increase in net sales. However, the stock has generated a negative return of 3.47% over the past year, coinciding with a 10.8% drop in profits, which may contribute to the current price decline.
In the broader market context, while Chennai Ferrous has outperformed the Sensex over the past week and month, the year-to-date performance shows a modest gain of 1.52% compared to the Sensex's 2.58%. The stock's recent price movement may be influenced by its trading at a premium relative to peers and the overall market sentiment, which has been less favorable, as indicated by the Sensex's slight decline. The significant increase in delivery volume suggests rising investor participation, but the stock's current underperformance today may reflect profit-taking or market corrections following its recent gains.