Why is KRBL falling/rising?

As of 17-Jul, KRBL Ltd. is experiencing a rise in its stock price, currently at 398.20, reflecting an increase of 6.1 or 1.56%. The stock has shown strong performance recently, gaining 4.98% over the last three days and is only 2.11% away from its 52-week high of Rs 406.6. It has outperformed its sector by 0.67% today and is trading above all its moving averages, indicating positive momentum. Despite a year-over-year return of 24.67%, the company has faced challenges with a 20.1% decline in profits, which may raise concerns among investors. However, the low debt-to-equity ratio and attractive valuation at a 1.7 price-to-book value contribute positively to its recent price movement.
In the broader market context, KRBL's short-term performance has been relatively better than the benchmark, with a 1-week return of -0.13% compared to the Sensex's -1.12%. Over the past month, KRBL has outperformed the market significantly, achieving an 11.56% return against the Sensex's 0.83%. This strong performance amidst a challenging market environment suggests that investor confidence in KRBL remains robust, despite the risks associated with poor long-term growth and low domestic mutual fund holdings. The rising investor participation, indicated by a substantial increase in delivery volume, further supports the stock's upward trajectory.