Why is Konark Synth falling/rising?

As of 18-Jul, Konark Synthetic Ltd's stock price is currently at Rs 32.46, reflecting a decrease of Rs 1.53 or 4.5%. Today, the stock opened with a loss of 4.97% and touched an intraday low of Rs 32.3. The performance today indicates that the stock has underperformed its sector by 3.66%. Over the past week, the stock has shown a return of 1.47%, while in the last month, it has increased by 16.51%. Despite these short-term gains, the company has reported a significant decline in profits over the past year, with a return of 39.49% juxtaposed against a profit drop of 179%. The stock is trading at a discount compared to its peers, but its weak long-term fundamentals, including operating losses and a high Debt to EBITDA ratio, contribute to the current downward pressure on its price.
In the broader market context, the Sensex has shown a decline of 0.90% over the past week, which suggests that the stock's recent performance is somewhat in line with market trends. However, the stock's year-to-date performance is notably worse, with a decline of 7.52% compared to the Sensex's increase of 4.63%. While Konark Synthetic has outperformed the BSE500 over the last three years, the recent operating losses and low profitability per unit of shareholders' funds indicate underlying weaknesses that may be affecting investor sentiment and contributing to the stock's current decline.