Why is Kavveri Defence falling/rising?

As of 17-Nov, Kavveri Defence & Wireless Technologies Ltd is experiencing a decline in its stock price, currently at 106.20, which reflects a decrease of 2.16 (-1.99%). The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.87% during this period. Despite a strong performance over the past year with a return of 138.97%, the stock has seen a significant drop of 14.18% over the past month. Additionally, the stock's delivery volume has decreased sharply by 87.74% compared to the 5-day average, indicating falling investor participation. While it has consistently generated high returns over the last three years, the current volatility and recent performance suggest a challenging environment for the stock.
In the broader market context, Kavveri's short-term performance has been notably weaker than the benchmark, with a 1-week return of +3.77% compared to the Sensex's +1.69%. This indicates that while the stock has had a strong year-to-date performance of +63.86%, it is currently struggling to maintain momentum in the face of recent declines. The high volatility observed today, with an intraday volatility of 1297.37%, further complicates the stock's outlook. Overall, the combination of recent underperformance, declining investor interest, and market volatility contributes to the stock's current downward trend.