Why is Krsnaa Diagnost. falling/rising?

As of 18-Jul, Krsnaa Diagnostics Ltd is currently priced at Rs 848.00, reflecting a decrease of Rs 1.0 or 0.12%. The stock has recently experienced a trend reversal after 12 consecutive days of gains, touching an intraday low of Rs 821.7, which represents a decline of 3.22%. Despite this drop, the stock has outperformed its sector by 0.42% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Krsnaa Diagnostics has shown a return of 4.71%, and over the last month, it has increased by 23.42%. The company has a low debt-to-equity ratio and has reported strong financial metrics, including a highest return on capital employed (ROCE) of 11.72% and a significant increase in profits, which may contribute to its attractive valuation compared to peers.
In the broader market context, while Krsnaa Diagnostics has generated a return of 27.61% over the past year, the benchmark Sensex has only returned 0.51%, indicating that the stock has significantly outperformed the market. However, the recent decline in the stock price may be attributed to profit-taking after a substantial rally, as evidenced by the increased delivery volume and liquidity. The stock's performance today, despite the slight decline, suggests that investor participation remains strong, which could support future price stability. Overall, while the stock is currently experiencing a minor setback, its strong fundamentals and recent performance relative to the market indicate a resilient position.