Why is KPI Green Energy falling/rising?

As of 15-Jul, KPI Green Energy Ltd's stock price is currently at Rs 539.85, reflecting an increase of Rs 12.35 or 2.34%. The stock has been on an upward trend, having gained 3.62% over the last two days and outperforming its sector by 1.56% today. It reached an intraday high of Rs 552.55, indicating strong performance relative to its recent trading history. Despite a decline in delivery volume by 11.29% against the five-day average, the stock is trading above its moving averages across various time frames, suggesting positive momentum. The company has shown healthy long-term growth, with net sales increasing at an annual rate of 102.36% and consistent positive results over the last 15 quarters, which supports the recent price rise.
In the broader market context, KPI Green Energy's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.36% over the past week while the stock has risen by 6.07%. Despite this recent strength, the stock has underperformed over the past year, with a return of -15.79% compared to the market's 2.36% gain. The company does face risks, including a high debt-to-equity ratio and a significant portion of promoter shares being pledged, which could exert downward pressure on the stock in adverse market conditions. However, the stock's current valuation appears attractive compared to its peers, which may contribute to investor interest and support its recent price increase.