Why is Kaynes Tech falling/rising?

As of 07-Aug, Kaynes Technology India Ltd is experiencing a price increase, currently at 6,084.80, reflecting a rise of 53.25 or 0.88%. The stock has outperformed its sector by 1.06% today, although it has shown a decline of 1.46% over the past week and 1.35% over the past month. Despite these short-term declines, the stock has demonstrated strong long-term growth, with net sales increasing by 45.27% and profit after tax growing by 44.51% in the latest six months. The company's low debt-to-equity ratio and significant market capitalization of Rs 40,386 crore, which constitutes 31.57% of its sector, further support its stability and growth potential.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 0.69% over the past week and 3.38% over the past month. While the stock has outperformed the market in the last year with a return of 42.75%, the overall market has generated negative returns of -1.34%. This indicates that Kaynes Technology is maintaining a strong position relative to the market, despite recent fluctuations in its price and a decrease in investor participation, as evidenced by a 16.01% drop in delivery volume against the five-day average.