Why is K.P. Energy falling/rising?

As of 20-Jun, K.P. Energy Ltd's stock price is rising, currently at Rs 506.25, reflecting an increase of Rs 29.25 or 6.13%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 5.84% today. The stock reached an intraday high of Rs 508.5, and there has been a notable increase in delivery volume, rising by 34.6% against the 5-day average. Despite a negative return of -2.31% over the past week, the stock has performed well over the past month with a return of +7.09% and has consistently generated positive results over the last three quarters, with significant growth in net sales and operating profit.
In the broader market context, while K.P. Energy's recent performance has been positive, it has underperformed the Sensex over the past week, which gained 1.59%. However, the stock's long-term performance remains strong, with a remarkable 1750.53% increase over the past three years, significantly outpacing the benchmark's 59.71% rise. The company's strong ability to service debt and healthy growth metrics contribute positively to investor sentiment, although concerns about its expensive valuation and low domestic mutual fund holdings may temper enthusiasm. Overall, the stock's recent upward movement appears to be driven by positive operational results and increased investor participation, despite some underlying valuation concerns.