Why is Niraj Ispat Ind. falling/rising?

As of 27-Jun, Niraj Ispat Industries Ltd is experiencing a price increase, currently at Rs. 414.20, reflecting a rise of 19.7 points or 4.99%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.18%. Over the past week, the stock has shown a remarkable return of 21.50%, and it has generated a substantial 116.41% return over the past year, significantly higher than the market's average return of 4.10%. However, despite this strong performance, there are concerns regarding the company's long-term fundamental strength, as indicated by a negative CAGR growth in operating profits over the last five years and a weak EBIT to Interest ratio.
In the broader market context, the stock's short-term performance of 21.50% over the past week greatly surpasses the Sensex's return of 2.09% in the same period. This indicates that Niraj Ispat Industries Ltd is not only performing well relative to its historical benchmarks but also attracting investor interest despite some underlying weaknesses in its financial fundamentals. The liquidity of the stock remains adequate for trading, although there has been a significant drop in delivery volume, suggesting a potential decline in investor participation. Overall, while the stock is rising due to strong recent performance, the concerns regarding its long-term profitability and valuation may temper investor enthusiasm moving forward.