Why is Niraj Ispat Ind. falling/rising?

As of 20-Jun, Niraj Ispat Industries Ltd is experiencing a price increase, currently at Rs. 340.90, reflecting a rise of 16.2 or 4.99%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.9%. Over the past week, the stock has shown a remarkable return of 27.60%, significantly higher than the Sensex's 1.59% increase. Despite this positive momentum, there are concerns regarding falling investor participation, as the delivery volume has decreased by 79.6% compared to the 5-day average. Additionally, while the stock has generated a substantial return of 78.11% over the past year, its long-term fundamentals are weak, with a negative CAGR growth in operating profits and a low return on equity, indicating potential profitability issues.
In the broader market context, Niraj Ispat Industries Ltd's short-term performance is notably strong compared to the benchmark, with a 27.60% return over the past week against the Sensex's 1.59%. This outperformance highlights the stock's appeal despite its underlying weaknesses, such as a poor EBIT to interest ratio and a high valuation compared to peers. The company's ability to service its debt is also a concern, which may affect investor sentiment moving forward. Overall, while the stock is currently rising due to strong short-term performance and market-beating returns, the long-term fundamental challenges could pose risks to its continued growth.