Why is Acknit Indus. falling/rising?

As of 03-Sep, Acknit Industries Ltd is currently priced at Rs 292.00, reflecting an increase of Rs 3.6 or 1.25%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 0.3%. The stock reached an intraday high of Rs 295.95, indicating positive momentum. However, over the past month, the stock has declined by 9.01%, and its year-to-date performance shows a decrease of 4.26%. Despite a negative return of -5.79% over the past year, the stock is trading at a discount compared to its peers, which may attract some investors. Nonetheless, the company has faced challenges, including a decline in profits by 2.8% over the past year and a high Debt to EBITDA ratio of 2.69 times, suggesting weak long-term fundamental strength.
In the broader market context, the Sensex has shown a slight decline of 0.27% over the past week, while Acknit Industries Ltd has performed slightly worse with a 0.68% drop. This indicates that the stock's recent performance is not entirely aligned with the benchmark index. The stock's liquidity appears adequate, with a delivery volume increase of 50.63% compared to the five-day average, which may suggest rising investor interest despite the overall negative trends in profitability and sales. The mixed signals from both the stock-specific factors and broader market context highlight the complexities influencing Acknit Industries Ltd's stock price movements.