Why is K.P. Energy falling/rising?

As of 03-Nov, K.P. Energy Ltd's stock price is rising, currently at 449.25, reflecting an increase of 29.45 or 7.02%. The stock has shown strong performance today, outperforming its sector by 6.53% and has been on a consecutive gain streak for the last two days, accumulating a total return of 7.22%. It opened with a gain of 2.37% and reached an intraday high of Rs 453. The stock's recent performance is also highlighted by a significant increase in delivery volume, which rose by 64.55% against the 5-day average. Despite a year-to-date decline of 16.65%, the stock has demonstrated impressive long-term growth, with net sales growing at an annual rate of 84.88% and operating profit at 184.62%. The company has consistently declared positive results over the last four quarters, indicating strong fundamentals that support the recent price increase.
In the broader market context, K.P. Energy's short-term return of +8.02% over the past week contrasts sharply with the Sensex, which has declined by 0.94%. This significant outperformance suggests that investor sentiment towards K.P. Energy is particularly strong, likely driven by its robust financial performance and low debt levels. The stock's ability to trade at a discount compared to its peers' historical valuations, along with a favorable PEG ratio of 0.2, further enhances its attractiveness to investors. Overall, the combination of strong earnings growth, positive market sentiment, and favorable trading conditions has contributed to the stock's upward movement.