Why is K.P. Energy falling/rising?

As of 26-Jun, K.P. Energy Ltd is experiencing a decline in its stock price, currently at Rs 508.75, which reflects a decrease of Rs 13.3 or 2.55%. Today's price summary indicates that the stock has underperformed its sector by 2.46% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 507, and trading volume has decreased significantly, with delivery volume dropping by 21.83% against the five-day average. Despite a strong long-term growth trajectory, with net sales growing at an annual rate of 65.77% and positive results declared for the last three consecutive quarters, the stock's recent performance is hindered by its expensive valuation and low domestic mutual fund participation, suggesting a lack of confidence at current price levels.
In the broader market context, K.P. Energy's short-term performance over the past week shows a return of 6.66%, which is significantly higher than the Sensex's return of 2.94%. However, the stock's year-to-date performance is negative at -5.61%, contrasting with the Sensex's positive return of 7.19%. This disparity highlights the challenges K.P. Energy faces in maintaining investor interest despite its strong historical returns and growth metrics. The combination of declining investor participation and concerns over valuation may be contributing to the stock's current downward trend.