Why is Kaynes Tech falling/rising?

As of 20-Aug, Kaynes Technology India Ltd is currently priced at 6,200.35, reflecting a decline of 71.65 points or 1.14%. The stock has been underperforming, having fallen for the last two days with a total return decrease of 1.19%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with increases of 1.90% and 5.96%, respectively. However, it is noteworthy that the stock has a year-to-date decline of 16.36%, contrasting with a 19.22% increase over the past year. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales and operating profit increasing significantly. Nevertheless, a decline in investor participation, as evidenced by a 44.91% drop in delivery volume, may be contributing to the current price movement.
In the broader market context, Kaynes Technology has outperformed the benchmark Sensex over the past week and month, but it has underperformed today by 1.16%. While the stock has generated a positive return of 19.22% over the last year, the overall market has seen negative returns of -1.20% in the same timeframe. This suggests that while the company has strong fundamentals and growth potential, the recent price decline may be influenced by short-term market dynamics and reduced trading activity, which could be impacting investor sentiment.