Why is Arvind Fashions falling/rising?

As of 12-Jun, Arvind Fashions Ltd is experiencing a price increase, currently at Rs 482.95, reflecting a rise of Rs 11.3 or 2.4%. The stock has shown strong performance recently, outperforming its sector by 2.58% today and achieving a consecutive gain over the last two days with a total return of 4.76%. Despite a year-to-date decline of 6.06%, the stock has performed well in the short term, with a 1-week return of 4.19% compared to the Sensex's 0.31%. The company's return on capital employed (ROCE) stands at 17.8, indicating a very attractive valuation, and it is trading at a discount relative to its peers. However, it is important to note that the stock's profits have significantly decreased by 153.5% over the past year, which could be a concern for investors.
In the broader market context, while Arvind Fashions has shown positive short-term returns, the benchmark Sensex has been relatively flat, with a 1-month return of -0.90%. This indicates that the stock's recent gains are notable in comparison to the overall market performance. Additionally, the stock's high institutional holdings at 31.36% suggest that informed investors are backing the company, which may contribute to its recent upward movement. However, the falling investor participation, as indicated by a 9.16% drop in delivery volume against the 5-day average, could signal caution among retail investors, potentially impacting future price movements.