Why is Niraj Ispat Ind. falling/rising?

As of 09-Jul, Niraj Ispat Industries Ltd is experiencing a price increase, with the current price at Rs. 577.25, reflecting a rise of 11.3 or 2.0%. The stock has shown strong performance recently, with a 20.41% increase over the past week and an impressive 116.07% rise over the last month. Today, it reached 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 100% drop in delivery volume on July 4. Additionally, while the stock has generated significant returns 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 has significantly outperformed the Sensex, which only increased by 0.09% over the past week. The stock's year-to-date return of 135.44% also contrasts sharply with the Sensex's 7.75% gain, highlighting its strong relative performance. Despite these positive short-term movements, the company's weak fundamentals, including a poor EBIT to interest ratio and high valuation compared to peers, suggest that the stock may face challenges in sustaining its upward trajectory in the long run.