Why is Niraj Ispat Ind. falling/rising?

As of 24-Jul, Niraj Ispat Industries Ltd is experiencing a decline in its stock price, currently at Rs. 511.00, which reflects a decrease of Rs. 10.4 or 1.99%. The stock has recently hit a new 52-week and all-time high of Rs. 554.9, but it has also shown a significant drop of 9.60% over the past week, despite a strong performance of 35.99% over the last month. The stock is trading above its moving averages across various periods, indicating some positive momentum. However, there are concerns regarding weak long-term fundamental strength, as evidenced by a -8.69% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of 0.64, which could be contributing to the recent price decline.
In the broader market context, while the Sensex has only decreased by 0.20% over the past week, Niraj Ispat's performance has significantly underperformed this benchmark. The stock's liquidity appears to be adequate, but there has been a notable drop in investor participation, with a 100% decrease in delivery volume on 04 July compared to the five-day average. Despite a remarkable return of 166.98% over the past year, the company's profitability metrics, such as a Return on Equity of 8.53% and a Return on Capital Employed of 5.6, suggest that the stock may be overvalued compared to its peers, which could be influencing investor sentiment negatively.