Why is Kanishk Steel falling/rising?

As of 29-Jul, Kanishk Steel Industries Ltd's stock price is currently flat at 48.00, with no change (0.00%). The stock has underperformed its sector today by 1.31%. Over the past week, it has declined by 2.54%, while showing a positive return of 2.13% over the last month. Despite this recent dip, the stock has demonstrated strong long-term growth, with a year-to-date increase of 41.59% and a remarkable 70.76% rise over the past year. The company's operating profit has grown at an annual rate of 50.15%, and it reported a significant increase in net sales and profit after tax in recent results. However, concerns regarding management efficiency and a high debt-to-EBITDA ratio may be contributing to investor caution.
In the broader market context, the Sensex has decreased by 1.03% over the past week, indicating that Kanishk Steel's recent decline is somewhat in line with market trends. However, the stock's performance over the longer term has outpaced the benchmark, with a 70.76% return compared to a negligible change in the Sensex over the same period. This suggests that while the stock may be facing short-term challenges, its long-term trajectory remains strong, supported by healthy growth metrics and attractive valuations relative to peers.