Why is KPI Green Energy falling/rising?

As of 01-Jul, KPI Green Energy Ltd's stock price is currently at 528.65, reflecting an increase of 16.65 or 3.25%. The stock has shown strong performance today, outperforming its sector by 4.2% and achieving a consecutive gain over the last two days with a total return of 6.81%. It reached an intraday high of Rs 531.35, indicating positive momentum. 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. Additionally, the company has experienced a significant increase in delivery volume, rising by 104.3% compared to the 5-day average, indicating heightened investor interest. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 102.36% and operating profit at 80.74%, contributing to its positive stock movement.
In the broader market context, KPI Green Energy's short-term return of 7.12% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. This strong performance is further underscored by the company's consistent positive results over the last 15 quarters, with a notable growth in net sales of 24.23% reported in March 2025. While the stock has seen a decline of 1.81% year-to-date and 10.21% over the past year, its remarkable 651.41% increase over the last three years and 15974.35% over the last five years highlights its long-term potential, suggesting that recent gains may be a reflection of renewed investor confidence in its growth trajectory.