Why is Konark Synth falling/rising?

As of 29-Jul, Konark Synthetic Ltd's stock price is currently at 35.50, reflecting a decrease of 0.48, or 1.33%. The stock has been underperforming in the sector, with a decline of 1.97% today and has experienced consecutive falls over the last two days, totaling a drop of 1.39%. Despite this recent downturn, the stock has shown strong performance over the past week and month, with returns of 9.37% and 21.37%, respectively. However, it is important to note that while the stock has generated a substantial return of 74.88% over the past year, its profits have significantly declined by 179%. The stock is currently trading at a discount compared to its peers, which may indicate an attractive valuation despite the recent price drop.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a decline of 1.03% over the past week and 3.24% over the past month. This suggests that while Konark Synthetic Ltd has outperformed the benchmark in the short term, the recent price movement reflects a broader trend of volatility and investor caution. The stock's liquidity remains adequate, and there has been a notable increase in delivery volume, indicating rising investor participation. Overall, despite the recent decline, the long-term performance remains strong, with the stock outperforming the BSE500 over various time frames, which may provide some reassurance to investors.