Why is Krsnaa Diagnost. falling/rising?

As of 18-Aug, Krsnaa Diagnostics Ltd is experiencing a price increase, currently at Rs 819.50, reflecting a rise of Rs 29.5 or 3.73%. Today's price movement is notable as the stock has gained after three consecutive days of decline, outperforming its sector by 3.08%. The stock reached an intraday high of Rs 828.35, indicating positive momentum. Despite a recent decline in delivery volume, which fell by 71.75% against the 5-day average, the company maintains a low debt-to-equity ratio of 0.05 times and has shown strong financial performance, with a 22.17% growth in PAT over the past nine months and a return on capital employed (ROCE) of 11.72%. The stock is trading at a discount compared to its peers, contributing to its attractive valuation.
In the broader market context, Krsnaa Diagnostics has underperformed the benchmark Sensex over the past week and month, with returns of -6.22% and -3.36%, respectively, while the Sensex has gained 0.83% and lost only 0.59% in the same periods. However, the stock has outperformed the benchmark in the long term, generating a return of 24.31% over the past year compared to the Sensex's 1.04%. This long-term performance, combined with the recent positive financial results and attractive valuation, suggests that the stock's recent rise may be a correction following its previous declines, as investors respond to its strong fundamentals despite short-term market pressures.