Why is Arvind Fashions falling/rising?

As of 03-Nov, Arvind Fashions Ltd is experiencing a significant rise in its stock price, currently at 545.50, reflecting an increase of 43.15 or 8.59%. Today's price summary indicates that the stock has outperformed its sector by 8.44%, reaching an intraday high of Rs 572.2, which is a 13.9% increase. The stock has shown high volatility with an intraday volatility of 5.75% and has traded in a wide range of Rs 67.2. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive financial results reported for September, including the highest operating profit to interest ratio at 4.50 times and net sales of Rs 1,417.51 crore, contribute to the stock's attractive valuation, despite a year-over-year profit decline of 117.2%. The increase in institutional holdings by 1.64% also suggests growing confidence among investors with better analytical capabilities.
In the broader market context, Arvind Fashions has outperformed the benchmark Sensex over the past week, with a return of +5.85% compared to the Sensex's -0.94%. However, over the past month, the stock has lagged behind the benchmark, with a return of +1.10% versus the Sensex's +3.41%. Despite a year-to-date performance of +6.11% against the Sensex's +7.47%, the stock's longer-term performance shows a decline of -6.42% over the past year, while the Sensex has increased by +5.34%. This mixed performance indicates that while the stock is currently rising, it has faced challenges in the longer term.