Why is Arvind Fashions falling/rising?

As of 12-Sep, Arvind Fashions Ltd is experiencing a price increase, currently at Rs 556.25, reflecting a change of 4.85 (0.88%) upwards. The stock has shown strong performance today, outperforming its sector by 0.33%, and reached an intraday high of Rs 566.5, which is a 2.74% increase. Over the past week, the stock has gained 2.54%, and over the past month, it has risen by 8.35%, indicating a positive trend. Additionally, the stock is trading above all its moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 247.45% compared to the 5-day average. Despite a negative return of -5.08% over the past year, the stock's valuation remains attractive with a high return on capital employed (ROCE) of 17.8%, and institutional holdings have increased by 1.64%, suggesting confidence from larger investors.
In the broader market context, Arvind Fashions has outperformed the Sensex, which has only increased by 1.48% over the past week and 2.08% over the past month. The stock's year-to-date performance of 8.20% also surpasses the Sensex's 4.82% increase, indicating a strong relative performance. This outperformance may be attributed to the stock's attractive valuation compared to its peers and the increasing institutional interest, which often signals positive sentiment towards the company's fundamentals. Overall, the combination of strong short-term returns, rising investor participation, and favorable institutional holdings contributes to the stock's upward movement.