Why is Kewal Kir.Cloth. falling/rising?

As of 18-Sep, Kewal Kiran Clothing Ltd's stock price is rising, currently at Rs 569.50, reflecting an increase of Rs 19.5 or 3.55%. The stock has outperformed its sector today by 3.35%, reaching an intraday high of Rs 569.5. Over the past week, the stock has shown a return of +6.57%, and for the past month, it has increased by +13.09%. Additionally, Kewal Kiran Clothing is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has also seen a significant rise in delivery volume, which increased by 59.3% compared to the 5-day average, suggesting heightened investor interest. Positive factors contributing to this rise include high management efficiency with a return on equity (ROE) of 18.26%, a low debt-to-equity ratio, and healthy long-term growth in net sales and operating profit. Furthermore, institutional investors have increased their stake in the company, indicating confidence in its fundamentals.
In the broader market context, Kewal Kiran Clothing's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.80% over the past week and 2.14% over the past month. While the stock has experienced a decline of -3.01% year-to-date and -13.23% over the past year, its recent performance suggests a potential turnaround, especially as institutional investors are showing increased participation. This contrast between the stock's recent gains and the benchmark's modest performance highlights a growing confidence in Kewal Kiran Clothing's prospects amidst a broader market that has not seen similar momentum.