Why is Kachchh Minerals falling/rising?

As of 08-Jul, Kachchh Minerals Ltd is experiencing a decline in its stock price, currently at Rs. 54.41, which represents a decrease of 1.11 or 2.0%. The stock has recently hit a new 52-week and all-time high of Rs. 56 but has fallen after a streak of 16 consecutive days of gains. Despite this drop, the stock has shown impressive performance over various periods, with a 1-month return of 63.39% and a year-to-date return of 87.17%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this decline. There is also a notable increase in investor participation, with delivery volume rising by 63.64% compared to the 5-day average, suggesting continued interest despite the recent price drop.
In the broader market context, Kachchh Minerals' short-term performance over the past week has significantly outperformed the Sensex, which only saw a 0.02% increase, while Kachchh Minerals gained 6.02%. This stark contrast highlights the stock's strong momentum prior to the recent decline. However, the stock's underperformance against its sector by 1.7% today may indicate a temporary setback amid a generally bullish trend. The liquidity of the stock remains adequate, allowing for trades without significant barriers, which may help stabilize its price in the near term.