Why is KRN Heat Exchan falling/rising?

As of 15-Jul, KRN Heat Exchanger and Refrigeration Ltd is experiencing a decline in its stock price, currently at Rs 859.20, which reflects a decrease of Rs 26.4 or 2.98%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in an overall return of -8.33% during this period. Despite opening with a gain of 3.3% today and reaching an intraday high of Rs 915, it has also touched a low of Rs 856.1. The stock's performance today has been characterized by lower investor participation, with delivery volume dropping significantly by 78.52% compared to the five-day average. However, the company shows strong fundamentals, including a high return on equity (ROE) of 20.30% and a low debt to EBITDA ratio of 0.37, indicating efficient management and a solid ability to service debt.
In the broader market context, KRN Heat Exchanger's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.36% over the same week. While the stock has shown a positive return of 19.37% over the past month, its recent struggles highlight a divergence from the overall market trend. Institutional investors have increased their stake in the company, suggesting confidence in its long-term growth potential, as evidenced by a 32% annual growth rate in net sales. Nonetheless, the recent decline in stock price, coupled with falling investor participation, indicates that current market sentiment may be cautious despite the company's strong fundamentals.