Why is Kaynes Tech falling/rising?

As of 19-Sep, Kaynes Technology India Ltd is experiencing a decline in its stock price, currently at Rs 7,147.55, reflecting a decrease of Rs 81.5 or 1.13%. The stock has underperformed its sector by 1.09% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 1.58%. The stock reached an intraday low of Rs 6,880.1, which represents a significant drop of 4.83%. In terms of returns, while the stock has shown a positive performance over the past month with a gain of 13.96%, it has underperformed in the year-to-date period with a decline of 3.59%. Despite the company's strong fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, the recent price movement suggests a temporary setback in investor sentiment.
Broader market context indicates that while the Sensex has gained 0.88% over the past week, Kaynes Technology's stock has declined by 0.28%, highlighting its relative weakness in the short term. The broader market has also shown resilience with a year-to-date return of 5.74%, contrasting with Kaynes' negative performance. The falling investor participation, as evidenced by a 33.72% drop in delivery volume, further suggests a lack of confidence among investors, which may be contributing to the stock's current decline. Overall, while the company has demonstrated strong long-term growth and market-beating performance over the past year, the recent price movements reflect challenges in the short term amidst broader market gains.