Why is Niraj Ispat Ind. falling/rising?

As of 04-Jul, Niraj Ispat Industries Ltd is experiencing a price increase, currently at Rs. 528.50, reflecting a rise of 25.15 or 5.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 5.19%. Over the past week, the stock has shown a remarkable return of 27.60%, and over the last month, it has surged by 97.82%, significantly outpacing the benchmark Sensex, which has only increased by 3.42%. Despite this strong performance, there are concerns regarding the company's long-term fundamentals, including a negative CAGR growth in operating profits over the last five years and a weak EBIT to interest ratio, which may impact investor sentiment.
In the broader market context, while Niraj Ispat Industries Ltd has outperformed the Sensex in the short term, the overall market has shown mixed results with the Sensex declining by 0.69% in the past week. The stock's impressive one-year return of 176.12% stands in stark contrast to the market's average return of only 2.13%, indicating strong investor interest. However, the company's weak ability to service its debt and low profitability per unit of shareholders' funds may raise red flags for potential investors, suggesting that while the stock is currently rising, underlying financial challenges could affect its sustainability in the long run.