Why is Kanpur Plastipa. falling/rising?

As of 14-Jul, Kanpur Plastipack Ltd's stock is currently priced at Rs 199.85, reflecting an increase of Rs 1.2 or 0.6%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 205, representing a 3.2% increase. Over the past week, the stock has underperformed with a return of -2.51%, but it has shown strong performance over the longer term, with a 78.52% increase in the past year, significantly outperforming the market benchmark. The company has reported outstanding results in its last two quarters, with a 29.9% growth in operating profit, and it maintains a strong financial position with the highest cash and cash equivalents and the lowest debt-equity ratio in recent history.
Broader market context shows that while Kanpur Plastipack has outperformed the sector today by 0.79%, its recent short-term performance has been weaker compared to the benchmark, which declined by 1.42% over the past week. Despite this, the stock has demonstrated resilience with a year-to-date return of 59.24%, far exceeding the Sensex's 5.27% gain. The stock's liquidity remains adequate for trading, although there has been a notable decrease in investor participation, as evidenced by a significant drop in delivery volume. Overall, the combination of strong financial results and a recent uptick in price suggests a positive outlook, despite some short-term volatility.