Why is Globe Textiles falling/rising?

As of 03-Nov, Globe Textiles (India) Ltd is experiencing a price increase, currently trading at 2.71, which reflects a rise of 0.17 or 6.69%. The stock has shown strong performance today, outperforming its sector by 5.91%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 987.4% compared to the 5-day average. Despite a year-to-date decline of 45.47%, the stock has gained 22.07% over the past month, suggesting a recent recovery. The promoters' increased stake by 1.06% signals confidence in the company's future, although the company still faces challenges with a high Debt to EBITDA ratio and a declining profit trend.
In the broader market context, Globe Textiles has outperformed the benchmark Sensex over the past week, with a return of 15.32% compared to the Sensex's decline of 0.78%. However, the stock has consistently underperformed the benchmark over the last three years, with a significant drop of 44.81% in the past year while the Sensex has gained 6.00%. This juxtaposition highlights the stock's recent positive momentum against a backdrop of long-term underperformance, indicating that while there may be short-term gains, the overall outlook remains cautious due to fundamental weaknesses.