Why is Konark Synth falling/rising?

As of 25-Jul, Konark Synthetic Ltd's stock price is currently at 36.00, reflecting an increase of 0.22, or 0.61%. The stock has shown strong performance recently, with a consecutive gain over the last three days and a notable return of 10.91% over the past week. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite this, the stock's delivery volume has significantly decreased by 68.78% compared to the 5-day average, suggesting a decline in investor participation. While the stock has generated a substantial return of 75.01% over the past year, it is important to note that its profits have fallen by 179%, which raises concerns about its sustainability. The stock is currently trading at a discount compared to its peers, which may attract value investors.
In the broader market context, Konark Synthetic Ltd has outperformed the Sensex, which has seen a decline of 0.36% over the past week, while the stock itself has gained 10.91%. This performance highlights the stock's resilience in a challenging market environment, particularly as the textile sector has also faced a downturn of 2.97%. The stock's long-term performance is impressive, with returns of 236.45% over three years, significantly surpassing the benchmark's 46.08% increase in the same period. Overall, while the stock is currently rising, the falling profits and reduced investor participation could pose risks to its future performance.