Why is Kingfa Science falling/rising?

As of 22-Sep, Kingfa Science & Technology (India) Ltd's stock price is currently at 4,540.00, reflecting an increase of 77.55 or 1.74%. The stock has shown a positive trend today, having outperformed its sector by 2.44% after two consecutive days of decline. Despite touching an intraday low of Rs 4,251, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, the delivery volume has increased significantly, rising by 50.33% against the 5-day average, which suggests heightened investor interest. The company also boasts a low debt-to-equity ratio of 0.04 times and has demonstrated robust long-term growth, with an operating profit growth rate of 64.76% annually.
In the broader market context, Kingfa Science's short-term performance has been favorable compared to the benchmark, with a 1-week return of +0.67% against the Sensex's +0.46%. Over the past month, the stock has returned +1.03%, slightly trailing the Sensex's +1.05%. However, on a year-to-date basis, Kingfa Science has significantly outperformed the benchmark with a return of +28.28% compared to the Sensex's +5.15%. This consistent outperformance over various periods, including a remarkable +291.08% return over the last three years, underscores the stock's resilience and attractiveness to investors, contributing to its recent price rise.