Why is Niraj Ispat Ind. falling/rising?

As of 25-Jul, Niraj Ispat Industries Ltd is currently priced at 500.80, reflecting a decrease of 10.2 points or 2.0%. The stock has experienced a significant decline of 9.59% over the past week, while it has shown a remarkable increase of 26.95% over the last month. Despite hitting a new 52-week high of Rs. 554.9 today and outperforming its sector by 5.74%, the stock's recent performance is overshadowed by a concerning drop in investor participation, with delivery volume falling by 100% against the 5-day average. Additionally, the company's weak long-term fundamental strength, characterized by a -8.69% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.64, raises concerns about its ability to sustain its current price levels.
In the broader market context, while Niraj Ispat Industries Ltd has outperformed the Sensex in the long term, generating a return of 161.65% over the past year compared to the Sensex's 1.77%, its recent short-term performance has diverged negatively. The stock's decline of 9.59% in the past week contrasts sharply with the Sensex's modest decrease of only 0.53%, indicating that the stock is underperforming relative to the broader market. This underperformance, coupled with its expensive valuation metrics and weak profitability indicators, suggests that investors may be reassessing the stock's future potential amidst declining participation and fundamental concerns.