Why is K.P. Energy falling/rising?

As of 17-Jul, K.P. Energy Ltd's stock price is currently at Rs 513.25, reflecting a decrease of Rs 11.05 or 2.11%. Today's performance indicates that the stock has underperformed its sector by 2.4% and has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday low of Rs 512, and trading volume was concentrated near this lower price. Despite this decline, K.P. Energy is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.71 times and impressive growth in net sales and operating profit, which may support its long-term viability despite the recent price drop.
In the broader market context, K.P. Energy's short-term return over the past week is +0.23%, while the benchmark Sensex has declined by 1.12%, indicating that the stock has outperformed the market in this timeframe. However, year-to-date, K.P. Energy is down 4.78%, contrasting with the Sensex's gain of 5.27%. This divergence highlights the stock's recent struggles despite its strong historical performance, including a remarkable 1444.49% return over the past three years. The recent price decline may reflect profit-taking after previous gains, even as the company continues to show healthy growth and consistent returns over the longer term.