Why is Konark Synth falling/rising?

As of 28-Jul, Konark Synthetic Ltd's stock price is currently at 35.98, reflecting a slight decline of 0.02, or 0.06%. The stock has recently experienced a trend reversal, falling after five consecutive days of gains. Despite this minor drop, it has outperformed its sector by 0.83% today. Over the past week, the stock has shown a robust return of 10.84%, and over the last month, it has increased by 23.01%. However, it is important to note that while the stock has generated an impressive return of 83.20% over the past year, its profits have significantly declined by 179%. The stock is also trading at a discount compared to its peers, indicating an attractive valuation despite the recent profit drop.
In the broader market context, the stock's performance has been notably strong compared to the benchmark Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This indicates that Konark Synthetic Ltd is maintaining a positive trajectory relative to the market, even as it faces some challenges. The stock's liquidity remains adequate for trading, although there has been a significant drop in delivery volume, which fell by 74.56% against the five-day average. Overall, while the stock is experiencing a slight decline today, its long-term performance remains strong, outperforming the market in both the short and long term.