Why is Cravatex falling/rising?

As of 08-Aug, Cravatex Ltd's stock price is currently at 480.90, reflecting an increase of 1.9, or 0.4%. The stock has shown a positive performance today, outperforming its sector by 0.68%. It reached an intraday high of Rs 489.6, marking a rise of 2.21%. While the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. However, there has been a notable decline in investor participation, with delivery volume dropping by 27.3% compared to the 5-day average. The stock's performance over the past month shows a gain of 4.54%, contrasting with a decline of 4.60% in the Sensex, indicating a relatively stronger performance in the short term.
In the broader market context, Cravatex's recent performance is more favorable than the benchmark, as it has outperformed the Sensex over the past week and month. While the stock has a year-to-date return of 9.06%, the Sensex has only increased by 2.20% during the same period. However, over the longer term, Cravatex's one-year return is down by 6.62%, while the Sensex has gained 1.23%. This suggests that while Cravatex has shown resilience in the short term, it faces challenges in the longer term compared to the broader market. Overall, the combination of today's positive price movement and the stock's relative outperformance against the benchmark contributes to its rising price.