Why is Hindustan Copper falling/rising?

As of 22-Jul, Hindustan Copper Ltd is experiencing a decline in its stock price, currently at Rs 271.85, reflecting a decrease of Rs 2.05 or 0.75%. Despite this drop, the stock had shown positive momentum prior, having gained for four consecutive days before this reversal. The stock touched an intraday high of Rs 281.75 earlier in the day, indicating some volatility. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend over a longer period. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.65 times and impressive growth in net sales and operating profit, which may support its long-term stability despite the recent price decline.
In the broader market context, Hindustan Copper's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.47% over the past week. Over the same period, Hindustan Copper has outperformed the benchmark with a gain of 3.74%. This indicates that while the stock is currently facing a short-term setback, its overall performance remains robust compared to the market. The rising investor participation, evidenced by a significant increase in delivery volume, further suggests that there is ongoing interest in the stock, which could stabilize its price in the future.