Why is Kingfa Science falling/rising?

As of 27-Jun, Kingfa Science & Technology (India) Ltd is experiencing a price increase, currently at Rs 3,303.00, reflecting a rise of 74.0 points or 2.29%. The stock has shown strong performance today, outperforming its sector by 2.61% and has been on a gaining streak for the last three days, accumulating a total return of 8.14% during this period. Additionally, the stock has touched an intraday high of Rs 3,360, indicating positive momentum. In terms of returns, over the past week, the stock has increased by 8.30%, although it has seen a decline of 3.24% over the past month. The company benefits from a low debt-to-equity ratio of 0.04, healthy long-term growth with an operating profit growth rate of 43.77%, and impressive quarterly results, including record net sales and profit before tax figures. The stock is also trading at a discount compared to its peers, with a favorable PEG ratio of 1.1, which supports its recent upward movement.
In the broader market context, Kingfa Science's short-term performance has significantly outpaced the benchmark Sensex, which has only gained 2.00% over the past week. While the stock has underperformed the benchmark over the past month and year-to-date, its long-term performance remains robust, with a 58.62% return over the past year and an impressive 268.49% increase over the last three years. This long-term outperformance, coupled with rising investor participation and liquidity, suggests that the stock is well-positioned in the market despite some recent volatility.