Why is Kernex Microsys. falling/rising?

As of 31-Jul, Kernex Microsystems (India) Ltd is experiencing a price increase, currently at Rs 1,092.40, reflecting a rise of Rs 53.4 or 5.14%. The stock has shown a positive trend, gaining for the last three consecutive days with a total return of 6.4% during this period. Today's performance indicates that it has outperformed its sector by 5.74%. Despite touching a low of Rs 1,012 earlier in the day, the stock reached an intraday high of Rs 1,092.40. Over the past week, the stock has increased by 5.63%, while its year-to-date performance shows a decline of 18.84%. However, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 66.39% and a remarkable net profit growth of 355.6%, contributing to its positive results over the last four quarters.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.22% over the past week. While Kernex Microsystems has outperformed the benchmark in the short term, its year-to-date performance lags behind the Sensex's gain of 3.90%. The stock's consistent returns over the last three years, including an impressive 85.94% return in the past year, further highlight its resilience despite recent volatility. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 39.9% compared to the five-day average, which could indicate some caution among investors despite the positive financial indicators.