Why is ABM Knowledge falling/rising?

As of 22-Jul, ABM Knowledgeware Ltd's stock is currently priced at Rs 183.85, reflecting a decrease of Rs 4.15 or 2.21%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Today's performance indicates that it underperformed its sector by 1.99%, with an intraday low of Rs 175.15, marking a decline of 6.84%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 11.76% and 8.79%, respectively. Additionally, the company has demonstrated consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods, which may provide some support to investor confidence despite the current decline.
In the broader market context, while ABM Knowledgeware has underperformed today, its short-term returns over the past week and month are significantly better than the benchmark Sensex, which has seen declines of 0.47% and 0.27%, respectively. This suggests that the stock has been resilient compared to the overall market. The rising investor participation, indicated by a substantial increase in delivery volume, also points to continued interest in the stock, despite the recent price drop. The liquidity of the stock remains adequate, allowing for trades of small sizes, which could help stabilize its price in the near term.