Why is Konark Synth falling/rising?

As of 16-Jul, Konark Synthetic Ltd's stock price is currently at 32.59, reflecting a decrease of 0.21, or 0.64%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.84%. Despite this short-term drop, the stock has shown strong performance over the past week and month, with returns of 6.85% and 16.43%, respectively. However, the stock's delivery volume has significantly decreased, indicating falling investor participation. Additionally, while the stock has generated a notable return of 46.21% over the past year, it has also faced challenges, such as a substantial profit decline of 179%, which raises concerns about its long-term fundamental strength.
In the broader market context, Konark Synthetic Ltd's recent performance contrasts with the Sensex, which has seen a decline of 1.08% over the past week. The stock's ability to outperform the benchmark in the longer term, including a 204.58% return over three years, suggests a strong historical performance. However, the current operating losses and high debt levels indicate potential risks that may be influencing investor sentiment negatively. Overall, while the stock has attractive valuation metrics and has outperformed its peers historically, the recent operational challenges and declining investor interest are contributing to its current price decline.