Why is Kingfa Science falling/rising?

As of 21-Jul, Kingfa Science & Technology (India) Ltd is experiencing a price increase, currently at 3,497.00, with a change of 132.55, representing a rise of 3.94%. Today's price summary indicates that the stock has outperformed its sector by 4.26% and has shown a trend reversal after two consecutive days of decline. It opened with a gain of 4% today and reached an intraday high of Rs 3512.95. The stock has demonstrated strong performance over various periods, with a 39.88% return over the past year and a remarkable 266.24% increase over the last three years. Positive factors contributing to this rise include a low debt-to-equity ratio, healthy long-term growth in operating profit, and attractive valuation metrics, such as a 5.8 price-to-book value ratio. However, the lack of domestic mutual fund investment may indicate some caution regarding the stock's valuation.
In the broader market context, Kingfa Science's short-term performance has been notably strong, with a 2.78% increase over the past week, while the benchmark Sensex has remained relatively flat with a change of -0.06%. This outperformance highlights the stock's resilience in a challenging market environment. Additionally, the stock's liquidity is sufficient for trading, further supporting its upward movement. Overall, the combination of positive financial indicators and strong recent performance against the benchmark suggests a favorable outlook for Kingfa Science & Technology (India) Ltd.