Why is Kingfa Science falling/rising?

As of 02-Jul, Kingfa Science & Technology (India) Ltd is experiencing a decline in its stock price, currently at Rs 3,410.20, reflecting a decrease of Rs 72.9 or 2.09%. Today's performance indicates that the stock has underperformed its sector by 1.42% and has reversed its trend after five consecutive days of gains, touching an intraday low of Rs 3,379. Despite this decline, the stock has shown strong performance over the longer term, with a 58.04% increase over the past year and an impressive 273.84% rise over the last three years. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with operating profit increasing at an annual rate of 43.77%. However, the small stake held by domestic mutual funds, at only 0.14%, may indicate a lack of confidence in the current price or business outlook.
In the broader market context, Kingfa's short-term return of 7.58% over the past week significantly outpaces the Sensex's return of 0.79%, suggesting that the stock has been performing well relative to the market until this recent downturn. However, the stock's year-to-date performance shows a decline of 3.64%, contrasting with the Sensex's gain of 6.75%, indicating that while Kingfa has had strong historical performance, it is currently facing challenges in the short term. The rising investor participation, evidenced by a 65.14% increase in delivery volume, may provide some support, but the recent price drop suggests that investors are reacting to the stock's overextension after a period of strong gains.