Why is Kaynes Tech falling/rising?

As of 29-Aug, Kaynes Technology India Ltd's stock price is currently at 6,124.45, reflecting a decline of 58.55 points or 0.95%. The stock has been underperforming recently, having lost 1.41% over the past week and has been on a consecutive downward trend for four days. The stock's performance today has underperformed its sector by 0.84%, and there has been a decrease in investor participation, with delivery volume falling by 2.14% against the 5-day average. Despite these short-term challenges, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 53.69% and operating profit at 56.88%. The stock has also outperformed the broader market over the past year, generating a return of 28.89% compared to the BSE500's negative return of 5.40%.
In the broader market context, Kaynes Technology's recent performance has been relatively better than the benchmark, as it has shown a positive return over the past month while the Sensex has declined by 1.88%. However, the stock's year-to-date performance is concerning, with a decline of 17.39% compared to the Sensex's gain of 2.14%. The company's low debt-to-equity ratio and significant market capitalization suggest stability, but the recent price movement indicates that investors may be cautious amid falling participation and consecutive losses. Overall, while the company has strong fundamentals, the current market sentiment appears to be weighing on its stock price.