Why is Kinetic Engg. falling/rising?

As of 06-Aug, Kinetic Engineering Ltd's stock price is currently at 293.65, reflecting a decline of 13.25 points or 4.32%. The stock has been experiencing consecutive losses over the past two days, with a total drop of 5.9%. Although it opened the day with a gain of 2.31% and reached an intraday high of Rs 314, it also hit a low of Rs 291.6, indicating significant volatility. In terms of performance, the stock has underperformed its sector by 1.78%. Over the past week, it has seen a decline of 12.86%, while its one-month performance shows a positive return of 12.12%. Year-to-date, the stock has increased by 77.43%, significantly outpacing the benchmark Sensex, which has only risen by 3.08%.
In the broader market context, the stock's recent decline contrasts sharply with its strong long-term performance, where it has gained 279.88% over three years and 1500.27% over five years. However, the auto ancillary sector has faced a downturn, falling by 2.58%, which may have contributed to Kinetic Engineering's struggles. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 58.8% compared to the five-day average, suggesting reduced interest in the stock. This combination of sector weakness and declining investor engagement likely plays a significant role in the stock's recent price movement.