Why is Kingfa Science falling/rising?

As of 16-Jul, Kingfa Science & Technology (India) Ltd is experiencing a price increase, currently at 3,465.00, reflecting a rise of 50.3 or 1.47%. The stock has shown a positive performance today, outperforming its sector by 1.48% and has been on a consecutive gain for the last two days, yielding a total return of 1.84% during this period. Although the stock has underperformed in the past week with a decline of 2.52%, it has demonstrated a strong performance over the past month with an increase of 11.56% and a remarkable annual return of 45.27%. The company benefits from a low debt-to-equity ratio and has shown healthy long-term growth, with operating profits increasing at an annual rate of 43.77%. Positive quarterly results further support this upward movement, showcasing record net sales and profits, which contribute to its attractive valuation.
In the broader market context, while Kingfa Science has outperformed the BSE500 over the past year and three years, it has faced a decline in domestic mutual fund participation, holding only 0.14% of the company, which may indicate some investor hesitance. The stock's recent gains come amidst a backdrop of a slightly declining benchmark, with the Sensex down by 1.08% over the past week. This suggests that despite some short-term volatility, Kingfa Science's strong fundamentals and recent positive performance have allowed it to rise even as the broader market faces challenges.