Why is Kingfa Science falling/rising?

As of 24-Sep, Kingfa Science & Technology (India) Ltd is experiencing a decline in its stock price, currently at Rs 4,277.50, which reflects a decrease of 94.85 points or 2.17%. The stock has underperformed its sector by 2.1% today and has been on a downward trend for the last two days, accumulating a total loss of 5.78% during this period. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 20.87% and a remarkable 260.86% rise over the past three years. The company maintains a low debt-to-equity ratio of 0.04, indicating financial stability, and has reported healthy long-term growth with an operating profit growth rate of 64.76%. However, the stock is trading at a premium compared to its peers, which may contribute to the recent price pressure.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 5.97% compared to the Sensex's drop of only 1.18%. This underperformance in the short term contrasts with the stock's strong long-term returns, which have significantly outpaced the benchmark over the past year and three years. The recent decline may also be influenced by market sentiment, as the stock's moving averages indicate it is currently lower than its 5-day and 20-day moving averages, suggesting a potential bearish trend in the short term. Despite the recent price drop, the stock's consistent returns over the last three years and its fair valuation metrics may provide a foundation for recovery in the future.