Why is Hindustan Copper falling/rising?

As of 01-Sep, Hindustan Copper Ltd is currently priced at 233.75, reflecting an increase of 4.75 or 2.07%. Despite this uptick, the stock has underperformed its sector by 1.42% today and is trading below its moving averages across various time frames. Over the past week, the stock has seen a decline of 1.08%, and its year-to-date performance shows a significant drop of 5.71%. While the company has a strong ability to service debt and healthy long-term growth in operating profit, it is facing challenges such as a high valuation relative to its peers and a substantial decline in stock price over the past year, which has fallen by 29.79%.
In the broader market context, the Sensex has experienced a decline of 1.56% over the past week, indicating that the stock's short-term performance is slightly better than the benchmark. However, the stock's year-to-date performance contrasts sharply with the market, as it has significantly underperformed against the BSE500, which has only declined by 4.75% over the same period. This suggests that while there may be some positive movements in the stock price recently, the overall trend remains concerning, particularly given the substantial losses over the past year and the recent drop in investor participation.