Why is Kaynes Tech falling/rising?

As of 02-Sep, Kaynes Technology India Ltd is currently priced at 6,573.20, reflecting a decrease of 26.75 points or 0.41%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 6.05% and 3.18%, respectively. Today's price summary indicates that Kaynes Tech is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally upward trend in the stock's price over a longer period. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 281.85% against the 5-day average. The company has demonstrated strong financial health, with net sales growing at an annual rate of 53.69% and operating profit at 56.88%, contributing to its market-beating performance of 41.15% over the past year, despite the broader market's negative returns.
In the broader market context, while Kaynes Tech has outperformed the benchmark Sensex in the short term, it has faced a decline today, underperforming its sector by 0.5%. The Sensex has experienced a slight decrease of 0.78% over the past week and 0.55% over the past month, indicating a challenging environment for stocks in general. However, Kaynes Tech's strong fundamentals, including a low debt-to-equity ratio and substantial growth in net sales and profit, position it favorably compared to the overall market. Despite the current price drop, the stock's liquidity remains robust, and its significant market capitalization underscores its dominance in the sector, which may help it recover from short-term fluctuations.