Why is Kaynes Tech falling/rising?

As of 05-Aug, Kaynes Technology India Ltd is experiencing a slight increase in its stock price, currently at Rs 6,307.30, reflecting a change of 11.4 points or 0.18% upward. The stock has shown strong performance recently, outperforming its sector by 0.37% today and reaching an intraday high of Rs 6,515, which is a 3.48% increase. Over the past week, the stock has surged by 13.46%, while it has also demonstrated a solid annual return of 48.10%, significantly outpacing the broader market's return of 2.48%. Despite a decline in delivery volume by 32.45% against the 5-day average, the company maintains a low debt-to-equity ratio, healthy growth in net sales and operating profit, and a substantial market capitalization, which supports its positive price movement.
In the broader market context, while Kaynes Technology has shown impressive short-term returns, the benchmark index, Sensex, has declined by 0.77% over the past week. This contrast highlights the stock's resilience and strength compared to the overall market performance. The company's robust growth metrics, including a 53.69% annual growth rate in net sales and a significant market share within its sector, further bolster investor confidence, contributing to the stock's upward trajectory despite the recent drop in trading volume.