Why is Kaynes Tech falling/rising?

As of 05-Jun, Kaynes Technology India Ltd is experiencing a decline in its stock price, currently at Rs 5,657.85, which reflects a decrease of Rs 72.2 or 1.26%. The stock has underperformed its sector by 1.55% today and has been on a downward trend for the last five days, resulting in a total decline of 6.11% during this period. Despite touching an intraday high of Rs 5,892.4, the stock's performance over the past month shows a decline of 2.51%, and year-to-date, it has fallen by 23.68%. However, the company has demonstrated strong long-term growth with a net sales increase of 55.46% and a net profit growth of 74.84%, which may provide some support for the stock despite its current struggles. Additionally, the stock is technically in a mildly bullish range, with positive indicators such as MACD and OBV, and a low debt-to-equity ratio.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a slight increase of 0.80% over the past month, while Kaynes Technology has declined by 2.51%, indicating a significant underperformance relative to the broader market. The stock's year-on-year return of 94.65% is impressive compared to the Sensex's 9.49%, suggesting that while the stock has had a strong historical performance, its recent price movements are not aligned with the overall market trend. The high institutional holdings at 28.14% may also indicate that informed investors are closely monitoring the stock, which could influence future price movements as they react to the company's fundamentals and market conditions.