Why is Arvind Fashions falling/rising?

As of 15-Sep, Arvind Fashions Ltd is currently priced at 559.25, reflecting an increase of 3.0 or 0.54%. The stock has been gaining for the last two days, with a total return of 1.42% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable rise in investor participation, with a delivery volume increase of 4.84% compared to the 5-day average. Despite a year-over-year return of -4.39% and a significant profit decline of -128%, the stock is considered to have a very attractive valuation with a high return on capital employed (ROCE) of 17.8%. Furthermore, institutional holdings have increased by 1.64%, suggesting confidence from larger investors.
In the broader market context, Arvind Fashions has outperformed the benchmark Sensex over the past week and month, with returns of +2.05% and +12.19% respectively, compared to the Sensex's +1.24% and +1.47%. This indicates that the stock is gaining traction relative to the overall market. The stock's liquidity is also favorable, allowing for sufficient trading volume. Overall, while the stock has faced challenges in the past year, its recent performance, strong institutional backing, and attractive valuation metrics contribute to its rising price.