Why is Konark Synth falling/rising?

As of 09-Jul, Konark Synthetic Ltd's stock price is currently at Rs 30.50, reflecting a decrease of Rs 1.6, or 4.98%. Today's price summary indicates that the stock has underperformed its sector by 4.97%, with an intraday low of Rs 30.5. The stock has shown erratic trading patterns, not trading on one day out of the last 20, and has experienced a significant drop in delivery volume, falling by 68.96% against the 5-day average. Despite a strong performance over the past year with a return of 60.36%, the company's profits have plummeted by 179%, indicating underlying issues. The stock is trading at a discount compared to its peers, but its weak long-term fundamentals, including high debt levels and low profitability, contribute to the recent decline.
In the broader market context, the stock's short-term performance has been negative, with a 1-week return of -0.68%, while the Sensex has gained 0.15%. Although the stock has outperformed the BSE500 over the long term, its current struggles highlight a disconnect between past performance and present challenges. The company's operating losses and low return on equity further exacerbate investor concerns, leading to a lack of confidence reflected in the stock's recent price movement.