Why is Niraj Ispat Ind. falling/rising?

As of 08-Jul, Niraj Ispat Industries Ltd is experiencing a price increase, with the current price at 565.95, reflecting a change of 11.05 or 1.99% upward. The stock has shown strong performance recently, with a remarkable 111.84% increase over the past month and a staggering 195.69% rise over the past year. Today's price summary indicates that the stock hit a new 52-week and all-time high of Rs. 554.9, outperforming its sector by 5.74%. However, there are concerns regarding falling investor participation, as evidenced by a delivery volume of 0 on July 4, which represents a 100% decline against the 5-day average. Additionally, while the stock has performed well, it faces challenges such as weak long-term fundamental strength, a poor EBIT to Interest ratio, and a high valuation compared to peers, which could impact investor sentiment.
In the broader market context, Niraj Ispat Industries Ltd has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.08% over the past week, while the stock itself has surged by 23.95%. This stark contrast highlights the stock's strong momentum relative to the market. Despite its impressive short-term returns, the company's weak fundamentals and high valuation may raise caution among investors, suggesting that while the stock is currently rising, underlying issues could pose risks in the long term.