Why is Niraj Ispat Ind. falling/rising?

As of 23-Jul, Niraj Ispat Industries Ltd is experiencing a decline in its stock price, currently at Rs. 521.40, which reflects a decrease of Rs. 21.5 or 3.96%. The stock has recently hit a new 52-week high of Rs. 554.9, indicating strong performance prior to this drop. However, the stock has shown a negative return of 9.60% over the past week, despite a significant increase of 45.68% over the last month and an impressive year-to-date return of 112.66%. The company is trading above its moving averages, but there has been a concerning drop in investor participation, with delivery volume falling by 100% on July 4 compared to the 5-day average. Additionally, the company faces challenges such as weak long-term fundamental strength, a poor EBIT to Interest ratio, and low profitability as indicated by its Return on Equity.
In the broader market context, while the Sensex has shown a slight increase of 0.03% over the past week, Niraj Ispat Industries Ltd's performance has significantly underperformed this benchmark. The stock's recent decline can be attributed to its weak long-term fundamentals, including a negative CAGR growth in operating profits and a high valuation compared to peers. Despite a substantial return over the past year, the company's profits have not kept pace, leading to a low PEG ratio of 0.4, which suggests that the stock may be overvalued relative to its earnings growth. This combination of factors has likely contributed to the recent downward pressure on the stock price.