Why is Cravatex falling/rising?

As of 17-Nov, Cravatex Ltd's stock price is rising, currently at 399.50, reflecting an increase of 18.45 or 4.84%. The stock has shown a strong performance today, outperforming its sector by 4.43% and opening with a gain of 4.66%. It reached an intraday high of Rs 401, marking a 5.24% increase. Despite this positive movement, the stock has experienced a decline of 9.40% year-to-date and 4.67% over the past year. Additionally, the stock's delivery volume has significantly decreased, falling by 86.66% against the 5-day average, which may indicate a reduction in investor participation. However, the stock's high dividend yield of 3.29% at the current price could be attracting some investors.
Broader market context shows that Cravatex's short-term return of 6.88% over the past week significantly outperforms the Sensex, which has only increased by 1.69% in the same period. This suggests that while the stock is experiencing a positive short-term trend, it has struggled in the longer term compared to the benchmark, which has gained 8.72% year-to-date. The contrasting performance highlights the stock's volatility and the potential for recovery, as indicated by today's gains, despite its overall underperformance in the longer time frames.