Why is Sunflag Iron falling/rising?

As of 11-Jul, Sunflag Iron & Steel Company Ltd's stock price is currently at Rs 302.40, reflecting a decrease of Rs 10.8 or 3.45%. The stock has underperformed its sector today by 2.79%, reaching an intraday low of Rs 301.3. Despite this decline, the stock has shown strong performance over the longer term, with a 19.13% increase year-to-date and a remarkable 270.59% rise over the past three years. The company maintains a low Debt to EBITDA ratio of 1.13 times, indicating a strong ability to service its debt, which supports its overall stability. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 86.12% against the 5-day average, suggesting ongoing interest despite the current price drop.
In the broader market context, Sunflag's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.12% over the past week. While the stock has experienced a short-term setback, its long-term returns significantly outperform the benchmark, indicating resilience and potential for recovery. The stock's performance over the last month, where it gained 7.23%, further emphasizes its ability to generate returns compared to the Sensex's near flat performance. Overall, while the stock is currently facing downward pressure, its historical performance and strong fundamentals suggest a potential for future growth.