Why is Knowledge Marine falling/rising?

As of 09-Jul, Knowledge Marine & Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 1,577.00, reflecting a decrease of Rs 43.00 or 2.65%. Today's price summary indicates that the stock has underperformed its sector by 2.97%, reaching an intraday low of Rs 1,577. The stock's performance over the past week shows a decline of 1.68%, and while it has generated a return of 21.78% over the past year, it has faced a significant year-to-date drop of 30.53%. Despite strong fundamentals such as a high return on equity (ROE) of 25.44% and impressive growth in net sales and operating profit, the stock's valuation appears expensive, and there has been a notable decrease in institutional investor participation, which may be contributing to the recent price decline.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Knowledge Marine's negative performance. The stock's recent underperformance relative to the benchmark indicates a lack of investor confidence, particularly in light of falling participation from institutional investors, who have reduced their stake in the company. This decline in institutional interest, combined with flat results reported in March, suggests that despite the company's strong long-term growth potential, current market sentiment is cautious, leading to the stock's downward movement.