Why is KEI Industries falling/rising?

As of 04-September, KEI Industries Ltd is experiencing a price increase, currently at Rs 4,121.50, reflecting a rise of Rs 103.5 or 2.58%. The stock has shown strong performance recently, gaining 8.46% over the last four days and outperforming its sector by 1.65% today. It has also touched an intraday high of Rs 4,145, indicating positive momentum. In terms of returns, KEI Industries has outperformed the Sensex over the past week with a return of 7.12% compared to the benchmark's 0.80%. The company benefits from high management efficiency, a low debt-to-equity ratio, and impressive growth in net sales and operating profit, which have contributed to its recent upward movement. However, it faces challenges with a high valuation compared to peers and a negative return over the past year.
Broader Market Context: The broader market context shows that while KEI Industries has been performing well in the short term, its year-to-date return is down 7.28%, contrasting with the Sensex's gain of 3.30%. This indicates that while the stock is currently rising, it has struggled over a longer timeframe. The stock's strong institutional holdings, which have increased by 2.88% over the previous quarter, suggest confidence from larger investors, further supporting its recent price increase. Overall, the combination of positive financial metrics and strong short-term performance against a backdrop of broader market trends contributes to the stock's current rise.