Why is Kingfa Science falling/rising?

As of 30-Jun, Kingfa Science & Technology (India) Ltd is experiencing a price increase, currently at Rs 3,417.60, reflecting a rise of Rs 114.6 or 3.47%. The stock has shown strong performance today, outperforming its sector by 2.8% and achieving a consecutive gain over the last four days, with a total increase of 11.89% during this period. Additionally, the stock has been trading above its moving averages across various time frames, indicating a positive trend. Despite a slight decline of 1.54% over the past month, the stock has generated impressive returns of 63.12% over the last year and 276.24% over the last three years. The company's low debt-to-equity ratio and healthy operating profit growth further support its positive outlook.
In the broader market context, Kingfa Science's short-term performance has significantly outpaced the Sensex, which has only increased by 2.09% over the past week. While the stock has shown volatility in the past month and year-to-date, its long-term growth prospects remain strong, as evidenced by its attractive valuation and consistent profit increases. However, the low stake held by domestic mutual funds may indicate some caution among institutional investors regarding the stock's current price levels. Overall, the combination of recent positive performance, strong fundamentals, and favorable market conditions contributes to the stock's rising trajectory.