Why is Knowledge Marine falling/rising?

As of 10-Nov, Knowledge Marine & Engineering Works Ltd is experiencing a price increase, currently at 2,846.40, reflecting a rise of 165.15 or 6.16%. The stock has recently outperformed its sector by 5.07% and has shown a trend reversal after two consecutive days of decline. Today, it reached a new 52-week high of Rs 2,933.95, indicating strong investor interest. Over the past week, the stock has gained 5.50%, and it has demonstrated impressive long-term growth with a 42.53% return over the last year and a staggering 267.44% over the past three years. The company's strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 1.13 times, along with healthy growth in net sales and operating profit, further supports the stock's positive momentum.
In the broader market context, Knowledge Marine's recent performance stands in stark contrast to the Sensex, which has declined by 0.53% over the past week. This divergence highlights the stock's resilience and strong fundamentals, particularly as it has consistently outperformed the BSE500 in recent years. Despite a notable drop in investor participation, with delivery volume falling by 47.26% against the five-day average, the stock remains liquid enough for trading. Overall, the combination of strong financial metrics and recent price movements suggests that Knowledge Marine is well-positioned for continued growth, even amidst broader market fluctuations.