Why is Kingfa Science falling/rising?

As of 01-Jul, Kingfa Science & Technology (India) Ltd is experiencing a price increase, currently at 3,483.10, reflecting a rise of 65.5 points or 1.92%. The stock has shown strong performance recently, gaining 14.04% over the past week and outperforming its sector by 2.31% today. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 3,574, and is trading above all key moving averages. Additionally, the company has demonstrated healthy long-term growth, with an operating profit growth rate of 43.77% and a return on equity of 21%. Despite a low domestic mutual fund stake, the stock's attractive valuation and significant returns over the past year, alongside a solid profit increase, contribute positively to its recent upward movement.
In the broader market context, Kingfa Science's short-term performance of +14.04% over the last week significantly outpaces the Sensex, which has only increased by 2.00% in the same period. While the stock has underperformed year-to-date with a decline of 1.58% compared to the Sensex's gain of 7.11%, its impressive 65.37% return over the past year and 281.84% over three years highlight its strong long-term performance. This contrast suggests that while the stock may face some challenges in the short term, its overall trajectory remains positive, supported by robust financial metrics and market-beating returns.