Why is Knowledge Marine falling/rising?

As of 28-Oct, Knowledge Marine & Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 2,357.25, which reflects a decrease of Rs 21.3 or 0.9%. The stock has fallen after two consecutive days of gains, indicating a potential trend reversal. Today, it reached an intraday high of Rs 2,437.3 but also touched a low of Rs 2,323.4, suggesting volatility within the trading session. Despite this decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 3.84% and a significant 263.49% rise over the past three years. Additionally, the stock is trading above its moving averages, indicating a generally positive trend, while rising investor participation is noted with a substantial increase in delivery volume.
In the broader market context, Knowledge Marine's short-term performance over the past week shows a gain of 3.52%, which is significantly higher than the Sensex's increase of only 0.24%. However, over the past month, the stock has underperformed with a decline of 5.35%, contrasting with the Sensex's gain of 5.22%. This discrepancy highlights the stock's recent struggles despite its strong long-term performance. The liquidity of the stock remains adequate for trading, which may help mitigate some of the downward pressure in the short term. Overall, while the stock has shown resilience in the long run, recent price movements reflect a combination of profit-taking and market volatility.