Why is Kingfa Science falling/rising?

As of 08-Jul, Kingfa Science & Technology (India) Ltd is experiencing a decline in its stock price, currently at Rs 3,598.30, which reflects a decrease of Rs 40.05 or 1.1%. Today's price summary indicates that the stock underperformed its sector by 0.34%, with an intraday high of Rs 3,718 (up 2.19%) and a low of Rs 3,560 (down 2.15%). Despite this decline, the stock has shown strong performance over the past week, month, and year, with returns of 3.31%, 10.35%, and 43.93% respectively. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 43.77%. Positive quarterly results, including record net sales and profit before tax, contribute to its attractive valuation, although the recent price movement suggests some short-term volatility.
In the broader market context, Kingfa Science's recent performance contrasts with the Sensex, which has only increased by 0.02% over the past week. While the stock has outperformed the BSE500 over various time frames, including the last three years, the current decline may reflect market corrections or profit-taking after significant gains. The stock's liquidity remains adequate, with a notable increase in delivery volume, indicating rising investor participation. Overall, while the stock has shown strong long-term performance, the recent price drop may be attributed to short-term fluctuations rather than fundamental weaknesses.