Why is Hindustan Copper falling/rising?

As of 17-Sep, Hindustan Copper Ltd is currently priced at 284.55, reflecting a decline of 4.9 points or 1.69%. The stock has recently underperformed its sector by 1.03% and has experienced a trend reversal, falling after eight consecutive days of gains. Despite this drop, the stock has shown strong performance over the past week, with a return of 16.07%, and a notable increase of 18.51% over the past month. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this decline. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.65 times, and has demonstrated healthy long-term growth with an annual operating profit increase of 25.40%.
In the broader market context, while Hindustan Copper has outperformed the Sensex significantly over the past three years with a return of 142.79% compared to the benchmark's 40.54%, its year-to-date performance of 14.78% still lags behind the Sensex's 5.83%. The recent price drop may be attributed to profit-taking after a strong rally, as indicated by the stock's recent performance and rising investor participation, with delivery volume increasing by 33.33% against the 5-day average. Overall, the stock's current decline appears to be a correction following a period of substantial gains, rather than a reflection of underlying financial instability.