Why is Arvind Fashions falling/rising?

As of 31-Jul, Arvind Fashions Ltd's stock price is currently at 556.30, reflecting an increase of 8.3, or 1.51%. The stock has shown strong performance recently, gaining 11.38% over the last three days and outperforming its sector by 1.88% today. It has also consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-over-year return of 8.51%, the company has faced challenges, including a significant profit decline of 128%. However, the stock is considered attractively valued compared to its peers and has seen an increase in institutional holdings, which may bolster investor confidence.
In the broader market context, Arvind Fashions has outperformed the Sensex, which has declined by 1.22% over the past week, while the stock itself has risen by 10.60%. This trend of outperformance extends to longer periods as well, with the stock gaining 14.94% over the past month compared to the Sensex's 3% decline. The rising investor participation, indicated by a 126.14% increase in delivery volume, suggests growing interest in the stock, further supporting its upward movement amidst a challenging market environment.