Why is Niraj Ispat Ind. falling/rising?

As of 26-Jun, Niraj Ispat Industries Ltd is currently priced at 394.50, showing no change (0.00%). Despite the flat performance today, the stock has demonstrated significant upward momentum over the past week, month, year-to-date, and year, with returns of +21.50%, +47.66%, +60.90%, and +106.11%, respectively. However, today's performance underperformed the sector by -2.21%, and there has been a notable decline in investor participation, with delivery volume falling by -87.92% against the 5-day average. The company has a weak long-term fundamental strength, indicated by a -8.69% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.64, which may contribute to investor caution.
In the broader market context, while Niraj Ispat Industries Ltd has outperformed the Sensex significantly over various periods, the recent underperformance today suggests a potential correction or profit-taking by investors. The stock's liquidity remains adequate for trading, but its high valuation relative to peers and weak profitability metrics may deter new investments. The company's ability to generate returns on equity and its expensive valuation compared to historical averages could also be influencing investor sentiment, leading to a cautious outlook despite its impressive past performance.