Why is Kaynes Tech falling/rising?

As of 01-Sep, Kaynes Technology India Ltd is experiencing a significant rise in its stock price, currently at Rs 6,599.95, reflecting an increase of Rs 475.5 or 7.76%. Today's price summary indicates that the stock has outperformed its sector by 7.36% and has gained after four consecutive days of decline, reaching an intraday high of Rs 6,628.9. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Despite a decrease in delivery volume by 42.72% against the 5-day average, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales and operating profit increasing significantly. The stock has also outperformed the broader market, generating a 39.05% return over the past year while the BSE500 index has declined by 4.75%.
In the broader market context, while the Sensex has shown a negative return of 1.56% over the past week, Kaynes Technology's stock has increased by 6.26%, indicating strong relative performance. The company's substantial market capitalization of Rs 41,008 crore positions it as a leader in its sector, accounting for 30.63% of the industry. This strong market presence, combined with impressive sales growth and profitability, contributes to investor confidence and supports the stock's upward movement despite recent fluctuations in trading volume.