Why is Kewal Kir.Cloth. falling/rising?

As of 22-Sep, Kewal Kiran Clothing Ltd is experiencing a price increase, currently at Rs 584.00, reflecting a rise of Rs 12.75 or 2.23%. The stock has shown strong performance recently, gaining 6.18% over the last three days and outperforming its sector by 2.94% today. It has also touched an intraday high of Rs 587. The stock's returns over the past week and month are notably positive, with increases of 9.23% and 13.65%, respectively. The company benefits from high management efficiency, a low debt-to-equity ratio, and healthy long-term growth in net sales and operating profit, which contribute to its favorable valuation despite a recent decline in annual returns.
In the broader market context, Kewal Kiran Clothing Ltd's short-term performance significantly outpaces the Sensex, which has only increased by 0.46% over the past week. While the stock has underperformed on a year-to-date basis compared to the benchmark, the recent uptick in institutional investor participation, with a 0.97% increase in their stake, suggests growing confidence in the company's fundamentals. This increased interest from institutional investors, who typically have more resources for analysis, may further support the stock's upward momentum in the near term.