Why is Knowledge Marine falling/rising?

As of 03-Nov, Knowledge Marine & Engineering Works Ltd is experiencing a significant price increase, with its current price at Rs 2,686.60, reflecting a rise of 268.15 or 11.09%. The stock has recently hit a new 52-week and all-time high of Rs 2,768.05, showcasing strong performance today as it outperformed its sector by 10.6%. Over the past three days, the stock has gained 15.97%, and it has shown impressive returns over various periods, including a 43.29% increase over the last year and a remarkable 287.68% over the last three years. The company also demonstrates a strong ability to service debt, with a low Debt to EBITDA ratio of 1.13 times, and has reported healthy long-term growth with net sales increasing at an annual rate of 53.00%.
In the broader market context, Knowledge Marine's short-term return of +12.95% over the past week stands in stark contrast to the Sensex, which has declined by 0.94% during the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the broader market. Despite a recent decline in investor participation, with delivery volume falling by 37.87% against the 5-day average, the stock remains liquid enough for trading, suggesting continued interest from investors. Overall, the combination of strong financial performance, consistent returns, and recent price movements contributes to the stock's upward trajectory.