Why is Madhav Copper falling/rising?

As of 29-Jul, Madhav Copper Ltd is currently priced at 49.10, reflecting an increase of 0.18 (0.37%). Despite this slight uptick, the stock has underperformed its sector by 2.79% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 5.07%, and it has also seen a significant drop in investor participation, with delivery volume falling by 60.63% against the 5-day average. While the company has reported positive results for the last five consecutive quarters, including a record net sales figure of Rs 41.52 crore and a higher PAT of Rs 3.57 crore for the last nine months, its long-term fundamental strength is weak, evidenced by a -8.82% CAGR growth in operating profits over the last five years and a low return on equity of 4.89%.
Broader market context indicates that while Madhav Copper has outperformed the broader market with a 33.82% return over the past year, the benchmark Sensex has only seen a slight decline of 0.06%. However, the stock's performance over shorter periods has been less favorable, with a 12.76% drop in the last month compared to a 3.19% decline in the Sensex. This disparity highlights the stock's volatility and potential concerns regarding its valuation, as it trades at a discount to its peers despite its recent profit growth of 281.3%. The company's weak ability to service its debt, indicated by a poor EBIT to interest ratio of 0.58, further complicates its outlook, suggesting that while there are positive aspects to its recent performance, significant risks remain that could hinder future growth.