Why is Arvind Fashions falling/rising?

As of 25-Aug, Arvind Fashions Ltd is experiencing a price increase, currently trading at Rs 535.45, which reflects a rise of Rs 15.5 or 2.98%. The stock has shown strong performance today, outperforming its sector by 2.44%, and has been on a consecutive gain streak for the last two days, accumulating a total return of 3.81% in that period. It reached an intraday high of Rs 536.3, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated impressive returns over various periods, including a 3.48% increase over the past week and a 7.12% increase over the past month. Despite a decline in profits over the past year, the stock's attractive valuation, with a return on capital employed (ROCE) of 17.8 and a 4.2 enterprise value to capital employed ratio, suggests it is trading at a discount compared to its peers.
In the broader market context, Arvind Fashions has outperformed the Sensex, which has only increased by 0.45% over the past week, while the stock itself has gained 3.48%. This indicates a strong relative performance in the short term. Furthermore, the stock has high institutional holdings at 33%, which have increased by 1.64% over the previous quarter, suggesting confidence from institutional investors who typically have more resources to analyze company fundamentals. Overall, the combination of strong recent performance, attractive valuation metrics, and increased institutional interest contributes to the stock's upward movement.