Why is Hindustan Copper falling/rising?

As of 04-Sep, Hindustan Copper Ltd is experiencing a decline in its stock price, currently at Rs 242.85, which reflects a decrease of Rs 5.15 or 2.08%. Today's price summary indicates that the stock has underperformed its sector by 0.49% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 242.05, and the weighted average price suggests that more volume was traded closer to this low price. Over the past week, the stock has shown a positive return of 5.20%, but it has underperformed over the past month and year, with returns of -0.59% and -22.35%, respectively. While the company has a strong ability to service debt and healthy long-term growth, its valuation remains high compared to peers, which may contribute to the recent price decline.
Broader market context shows that while the Sensex has generated a positive return of 0.80% over the past week, Hindustan Copper's performance has been significantly weaker, indicating a divergence from the broader market trends. The stock's performance over the last year is particularly concerning, as it has underperformed the market, which saw a decline of only 4.38%. Despite the company's profits rising by 34.5%, the stock's substantial drop of 22.35% suggests that investor sentiment is cautious, likely influenced by its high valuation metrics and flat results reported in June.