Why is Arvind Fashions falling/rising?

As of 17-Sep, Arvind Fashions Ltd is currently priced at 564.60, reflecting an increase of 1.6 (0.28%). The stock has been on a positive trajectory, gaining for the last four days with a total return of 2.39% during this period. It has also outperformed its moving averages across various time frames, indicating strong momentum. Despite a year-over-year decline of 5.95%, the stock has shown impressive returns over the longer term, with a 94.25% increase over three years and a staggering 317.45% over five years. The company's attractive valuation, characterized by a return on capital employed (ROCE) of 17.8 and a low enterprise value to capital employed ratio, suggests that it is trading at a discount compared to its peers. However, the stock has experienced a significant drop in delivery volume, which fell by 26.14% against the five-day average, indicating a potential decrease in investor participation.
In the broader market context, Arvind Fashions has outperformed the benchmark Sensex in both the one-week and one-month periods, with returns of 1.73% and 13.26%, respectively, compared to the Sensex's 1.56% and 2.60%. This suggests that the stock is gaining traction relative to the overall market. Additionally, high institutional holdings at 33% indicate confidence from larger investors, who have increased their stake by 1.64% over the previous quarter, further supporting the stock's recent upward movement. Despite the recent gains, the stock's negative return over the past year and declining investor participation could pose challenges ahead.