Why is Chennai Ferrous falling/rising?

As of 18-Sep, Chennai Ferrous Industries Ltd is experiencing a decline in its stock price, currently at Rs 137.20, which represents a decrease of Rs 3.8 or 2.7%. The stock has underperformed its sector by 3.1% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 137, reflecting a drop of 2.84%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. The company has shown strong management efficiency with a high return on equity (ROE) of 21.36% and a low debt-to-equity ratio, which supports its healthy long-term growth. However, the stock has generated a negative return of -1.54% over the past year, coinciding with a 10.8% decline in profits, which may contribute to investor caution.
In the broader market context, the stock's performance over the past week shows a return of 0.81%, which is significantly lower than the Sensex's return of 1.80% during the same period. While the stock has shown a positive return of 9.98% over the past month compared to the Sensex's 2.14%, its longer-term performance is concerning, particularly over three years where it has declined by 23.42% against the Sensex's impressive 41.08% gain. This disparity may reflect broader market sentiments and investor preferences, impacting Chennai Ferrous's stock price negatively despite its strong fundamentals and recent positive operational results.