Why is Kingfa Science falling/rising?

As of 15-Oct, Kingfa Science & Technology (India) Ltd is experiencing a price increase, currently at Rs. 4,759.00, reflecting a rise of 33.7 points or 0.71%. The stock has shown strong performance recently, gaining 5.55% over the last two days and achieving a new 52-week high of Rs. 4,961 today. Despite this positive movement, it underperformed its sector by 0.28%. The stock has consistently outperformed the benchmark indices, with a year-to-date return of 34.47% compared to the Sensex's 5.72%. Additionally, the company has a low debt-to-equity ratio of 0.04, and its operating profit has grown at an impressive annual rate of 64.76%. The increase in institutional investor participation, which has risen by 10.03% in the last quarter, further supports the stock's upward momentum.
In the broader market context, Kingfa Science's short-term return of 6.84% over the past week significantly outpaces the Sensex's return of 1.02% during the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The liquidity of the stock remains adequate, although there has been a decline in delivery volume, which may suggest a slight decrease in investor participation. Overall, the combination of strong institutional backing, consistent returns over the past three years, and robust financial health contributes to the stock's rising price, despite some signs of reduced retail investor activity.