Why is Kingfa Science falling/rising?

As of 05-September, Kingfa Science & Technology (India) Ltd is experiencing a decline in its stock price, currently at Rs 4,236.70, which reflects a decrease of Rs 132.0 or 3.02%. Today's price summary indicates that the stock has underperformed its sector by 3.19% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 4,149.25, marking a decline of 5.02%. Despite a strong performance over the past month with a return of 25.54%, the recent drop in delivery volume by 36.31% against the 5-day average suggests a decrease in investor participation, which may be contributing to the current price movement. The company maintains a low debt-to-equity ratio and has shown healthy long-term growth, with operating profit increasing at an annual rate of 64.76%, but it is trading at a premium compared to its peers.
In the broader market context, the stock's short-term performance over the past week shows a slight increase of 1.14%, which is comparable to the Sensex's gain of 1.13%. However, the stock's year-to-date return of 19.71% significantly outpaces the Sensex's 3.29%, indicating strong relative performance over a longer horizon. Despite this, the recent price decline may reflect a market correction after a period of substantial gains, as well as a potential reevaluation of the stock's valuation given its premium pricing compared to historical averages. Overall, while Kingfa Science has demonstrated consistent returns and growth, the recent downturn could be attributed to a combination of reduced trading activity and profit-taking by investors.