Why is Kalpataru Proj. falling/rising?

As of 12-Aug, Kalpataru Projects International Ltd is experiencing a decline in its stock price, currently at Rs 1,227.50, reflecting a decrease of Rs 10.45 or 0.84%. The stock opened with a gain of 2.27% today, reaching an intraday high of Rs 1,282, but subsequently fell to a low of Rs 1,211.85. Despite this drop, the stock has shown positive performance over the past week and month, with returns of +8.52% and +3.15%, respectively. The company has reported strong financial results, with net sales growing by 25.38% and profit after tax increasing by 45.9% compared to previous quarters. Additionally, the stock is trading at a discount to its peers, supported by high institutional holdings of 56.64%, indicating confidence from larger investors.
In the broader market context, while Kalpataru's recent performance has been strong relative to the benchmark Sensex, which has declined by 0.59% over the past week and 2.75% over the past month, the stock's year-to-date performance is down by 5.47%, contrasting with the Sensex's gain of 2.68%. The stock's current decline may be attributed to a trend reversal after two consecutive days of gains and a weighted average price indicating more volume traded close to the low price. Despite the recent drop, the overall liquidity remains healthy, allowing for significant trading activity, which may help stabilize the stock in the near term.