Why is KPI Green Energy falling/rising?

As of 23-Oct, KPI Green Energy Ltd is experiencing a price increase, currently at Rs 508.00, reflecting a rise of 3.0 points or 0.59%. The stock has been on an upward trend, gaining for the last five consecutive days with a total return of 13.14% during this period. It has outperformed its sector by 1.16% today. Despite touching an intraday low of Rs 493.25, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The company has also shown healthy long-term growth, with net sales growing at an annual rate of 101.13% and operating profit at 76.72%. Furthermore, KPI Green Energy has reported positive results for the last 16 consecutive quarters, which contributes to investor confidence and supports the stock's recent upward movement.
In the broader market context, KPI Green Energy's performance over the past week shows a return of +10.74%, significantly outperforming the Sensex, which only increased by +1.30% during the same period. This strong short-term performance relative to the benchmark suggests that investor sentiment towards KPI Green Energy is particularly positive at this time. The rising investor participation, evidenced by a 16.56% increase in delivery volume, further indicates a growing interest in the stock, which is likely contributing to its upward price movement.