Why is Hindustan Copper falling/rising?

As of 01-Aug, Hindustan Copper Ltd is experiencing a decline in its stock price, currently at Rs 237.35, which represents a decrease of 6.0 points or 2.47%. The stock has been on a downward trend, losing 8.34% over the last two days and showing a significant drop of 16.31% over the past month. Today's performance aligns with the sector, which has also seen a decline of 2.64%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite these challenges, 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 provide some support for the stock in the long term.
In the broader market context, Hindustan Copper's recent performance has been notably worse than the benchmark Sensex, which has only declined by 1.06% over the past week and 3.70% over the past month. This stark contrast highlights the stock's underperformance relative to the market. While the stock has shown a remarkable increase of 126.80% over the past three years, its year-to-date performance is down by 4.26%, further emphasizing the current negative sentiment surrounding it. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests that there may be some interest in the stock despite its recent price declines.