Why is Niraj Ispat Ind. falling/rising?

As of 30-Jul, Niraj Ispat Industries Ltd is currently priced at Rs. 471.40, reflecting a decrease of Rs. 9.6 or 2.0%. The stock has recently hit a new 52-week high of Rs. 554.9, indicating strong performance earlier in the day. However, it has underperformed in the last week with a decline of 9.59%, while showing a positive return of 8.39% over the past month. Despite outperforming its sector by 5.74% today and trading above all key moving averages, the stock is experiencing falling investor participation, as evidenced by a significant drop in delivery volume. Additionally, the company faces challenges such as weak long-term fundamental strength, a poor EBIT to Interest ratio, and a low return on equity, which may contribute to investor concerns.
In the broader market context, while Niraj Ispat Industries Ltd has outperformed the Sensex over the past month and year, the recent decline in its stock price contrasts with the benchmark's smaller drop of 1.45% over the last week. The company's high valuation compared to peers and a low return on capital employed further complicate its market position. Although the stock has generated substantial returns over the past year, the disparity between stock performance and profit growth raises questions about sustainability, potentially leading to a cautious outlook among investors.