Why is K.P. Energy falling/rising?

As of 22-Jul, K.P. Energy Ltd's stock price is currently at 544.65, reflecting a slight increase of 0.65 (0.12%). The stock has shown strong performance recently, gaining 6.12% over the last three days and outperforming its sector by 0.26% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has demonstrated impressive growth, with net sales increasing at an annual rate of 65.77% and operating profit at 88.89%. Despite its strong performance, the stock's valuation appears expensive with a high enterprise value to capital employed ratio, and domestic mutual funds hold a minimal stake, which may indicate some caution among institutional investors.
In the broader market context, K.P. Energy has outperformed the Sensex, with a 5.07% increase over the past week compared to a decline of 0.47% for the benchmark. Over the past month, the stock has risen by 7.59%, while the Sensex has decreased by 0.27%. This trend suggests that K.P. Energy is gaining investor confidence despite the broader market's challenges. The company's consistent returns over the last three years, including a 31.56% return in the past year, further bolster its attractiveness to investors, positioning it favorably against the backdrop of a fluctuating market.