Why is Kernex Microsys. falling/rising?

As of 29-Oct, Kernex Microsystems (India) Ltd is experiencing a price increase, currently at 1,294.35, which reflects a rise of 44.55 or 3.56%. The stock has been gaining momentum over the past three days, with a total return of 6.82% during this period. It has outperformed its sector by 2.96% today and reached an intraday high of Rs 1305. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Despite a recent 1-week decline of 2.67%, the stock has shown impressive long-term performance, with a 77.32% return over the past year and a staggering 7840.80% over the last five years. Positive factors contributing to this rise include healthy long-term growth, with net sales increasing at an annual rate of 107.00% and operating profit growing by 45.15%. The company has consistently reported positive results for the last five quarters, which bolsters investor confidence.
In the broader market context, while Kernex Microsystems has shown a decline of 2.67% over the past week, it has significantly outperformed the benchmark Sensex, which has gained 0.68% in the same period. The stock's strong performance over the last year and three years indicates a market-beating trend, despite some concerns regarding management efficiency and institutional investor participation. The decrease in institutional stakes by 0.7% suggests a potential risk factor, but the overall positive financial results and rising investor participation in recent trading days have likely contributed to the stock's upward movement.