Why is Kingfa Science falling/rising?

As of 30-Jul, Kingfa Science & Technology (India) Ltd is experiencing a decline in its stock price, currently at Rs 3,500.10, which reflects a decrease of Rs 73.15 or 2.05%. The stock has underperformed its sector by 2.43% today and has been on a downward trend for the last three days, accumulating a total loss of 4.01% during this period. Although the stock has shown positive performance over the past month with a return of 2.41%, it has underperformed the benchmark Sensex, which has decreased by 1.50% over the same timeframe. The stock's moving averages indicate it is currently lower than the 5-day and 20-day averages, suggesting a short-term bearish sentiment. Additionally, while the company has a low debt-to-equity ratio and has shown healthy long-term growth with significant increases in operating profit, the lack of domestic mutual fund investment may signal caution among institutional investors.
Broader market context shows that while Kingfa Science has generated a notable return of 26.49% over the past year, it has underperformed the Sensex year-to-date, which has increased by 4.28%. The recent decline in the stock price, coupled with a higher trading volume near its intraday low, indicates that investor sentiment may be shifting negatively despite the company's strong fundamentals. The stock's performance relative to the benchmark highlights a challenging environment, as the broader market has been more favorable compared to Kingfa Science's recent struggles.