Why is Karnika Industri falling/rising?

As of 23-Sep, Karnika Industries Ltd is experiencing a decline in its stock price, currently at 179.85, reflecting a decrease of 4.05 or 2.2%. The stock has underperformed its sector by 1.58% today, and the delivery volume has significantly dropped by 76.92% compared to the 5-day average, indicating falling investor participation. Despite its impressive year-to-date return of 139.80% and a remarkable 238.83% increase over the past year, the stock has faced a 2.78% decline over the past week, contrasting with the Sensex's minor drop of 0.28%. The stock's performance is currently above its 50-day, 100-day, and 200-day moving averages but below its 5-day and 20-day moving averages, suggesting mixed signals regarding its recent momentum.
In the broader market context, while Karnika Industries has outperformed the market significantly over the long term, its recent short-term performance has been less favorable compared to the benchmark. The BSE500 has reported negative returns of 4.69% over the past year, yet Karnika's strong historical performance highlights its resilience. However, the recent decline in investor participation and the stock's underperformance relative to its sector may indicate a shift in market sentiment, contributing to the current downward price movement.