Why is Arvind Fashions falling/rising?

As of 29-Jul, Arvind Fashions Ltd's stock price is rising, currently at 540.15, reflecting an increase of 40.7 or 8.15%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 7.14% and has gained after two consecutive days of decline. It opened with a gain of 2.52% and reached an intraday high of Rs 562.35, showcasing strong momentum. Over the past week, the stock has risen by 7.01%, and in the last month, it has increased by 12.27%, significantly outperforming the Sensex, which has declined by 1.03% during the same period. Despite a recent drop in delivery volume, the stock remains liquid and is trading above its moving averages, indicating a bullish sentiment among investors. The company’s attractive valuation, with a return on capital employed (ROCE) of 17.8 and a favorable enterprise value to capital employed ratio, further supports its positive movement.
In the broader market context, while Arvind Fashions has shown strong short-term performance, the Sensex has experienced a decline of 1.03% over the past week, highlighting the stock's resilience in a challenging market environment. The stock's long-term performance is also noteworthy, as it has outperformed the BSE500 over various periods, including a 9.12% return in the last year and a remarkable 83.66% over three years. High institutional holdings at 31.36% suggest confidence from more knowledgeable investors, which may contribute to the stock's upward trajectory. However, it is important to note that despite the positive price movement, the company has faced a significant drop in profits of 153.5% over the past year, which could be a concern for future performance.