Why is Hindustan Copper falling/rising?

As of 29-Aug, Hindustan Copper Ltd is experiencing a decline in its stock price, currently at 229.00, reflecting a decrease of 1.85 (-0.8%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has fallen by 11.28% compared to the 5-day average, suggesting reduced investor participation. Over the past week, the stock has underperformed with a return of -3.68%, and it has seen a significant decline of -30.47% over the past year, despite a 34.5% increase in profits during the same period. The stock's high valuation, with a Price to Book Value of 8.3, and a PEG ratio of 1.3, further contribute to its perception as an expensive investment relative to peers.
In the broader market context, Hindustan Copper's performance has been notably weaker than the benchmark, with the Sensex showing a decline of only -1.84% over the past week and -2.83% over the past year. This stark contrast highlights the stock's underperformance, particularly as the market has generated negative returns of -5.40% in the last year. While the company has a strong ability to service debt and healthy long-term growth prospects, these positive factors are overshadowed by its flat results in June and the overall market sentiment, leading to a cautious outlook among investors.