Why is Kaynes Tech falling/rising?

As of 01-Jul, Kaynes Technology India Ltd is experiencing a price increase, currently at 6,141.30, reflecting a rise of 42.95 (0.7%). The stock has shown strong performance recently, outperforming its sector by 1.81% today and achieving a consecutive gain over the last three days with a total return of 6.42%. Additionally, it has outperformed the benchmark Sensex over the past week with a return of 5.97% compared to the Sensex's 2.00%. The company's positive financial indicators, including a significant growth in net sales and operating profit, alongside a low debt-to-equity ratio, contribute to its favorable outlook. However, concerns regarding reduced promoter confidence, as evidenced by a 4.23% decrease in their stake, may temper some investor enthusiasm.
Broader Market Context: In the context of the broader market, Kaynes Technology's recent performance is notably strong, especially when compared to the Sensex, which has only increased by 2.00% over the past week. While the stock has generated a substantial return of 54.37% over the last year, it is important to note that its year-to-date performance is down by 17.16%, contrasting sharply with the Sensex's gain of 7.11% in the same period. This divergence highlights the stock's volatility and the potential impact of broader market conditions on investor sentiment.