Why is K.P. Energy falling/rising?

As of 15-Jul, K.P. Energy Ltd's stock price is currently at Rs 518.35, reflecting an increase of Rs 15.35 or 3.05%. The stock has shown a positive performance today, outperforming its sector by 2.54% and has been on a consecutive gain for the last two days, rising 4.19% in that period. It reached an intraday high of Rs 530, indicating strong trading activity. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. However, there has been a decline in investor participation, with delivery volume falling by 21.65% compared to the 5-day average. The company has demonstrated strong financial health with a low Debt to EBITDA ratio and impressive growth in net sales and operating profit, contributing to its recent price increase.
In the broader market context, K.P. Energy's short-term return of +5.27% over the past week contrasts sharply with the Sensex, which has declined by 1.36% during the same period. This indicates that K.P. Energy is performing well relative to the overall market. Over the last year, the stock has generated a return of 20.94%, significantly outperforming the BSE500 index, which only returned 2.36%. The company's consistent positive results over the last three quarters and its ability to service debt effectively further bolster investor confidence, supporting the stock's upward movement despite the recent drop in trading volume.