Why is Sunflag Iron falling/rising?

As of 03-Jul, Sunflag Iron & Steel Company Ltd is experiencing a decline in its stock price, currently at Rs. 311.70, which reflects a decrease of Rs. 3.15 or 1.0%. Despite hitting a new 52-week high of Rs. 322 earlier in the day, the stock has underperformed its sector by 0.58%. Over the past week, the stock has shown a return of 2.99%, and it has generated impressive returns of 33.75% over the last year, significantly outperforming the BSE500 index. However, there has been a notable drop in investor participation, with delivery volume falling by 42.28% against the 5-day average, which may indicate waning interest among investors despite the company's strong fundamentals, including a low Debt to EBITDA ratio of 1.13 times.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.62% over the past week. While Sunflag Iron has outperformed the benchmark in terms of longer-term returns, including a remarkable 289.38% increase over the last three years, the current short-term decline may reflect broader market sentiments or sector-specific challenges. The stock remains liquid enough for trading, but the decrease in delivery volume suggests that investors may be cautious, potentially impacting future price movements.