Why is Kitex Garments falling/rising?

As of 01-Jul, Kitex Garments Ltd is currently priced at 280.85, reflecting a slight decline of 0.15 (-0.05%). The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decrease of 1.13% during this period. Despite this recent decline, Kitex Garments has shown strong performance over the longer term, with a remarkable increase of 298.34% over the past year. The company has consistently reported positive results for the last six quarters, including significant growth in net sales and profit after tax, which indicates a robust financial position. However, the recent drop in delivery volume by 33.61% against the five-day average suggests a decrease in investor participation, which may be contributing to the stock's current price movement.
In the broader market context, Kitex Garments has outperformed the Sensex benchmark in the short term, with a 5.94% increase over the past week compared to the Sensex's 2.00% rise. However, the stock's performance over the past month has been negative, with a decline of 5.63%, while the Sensex has increased by 2.76%. This contrast indicates that while Kitex Garments has had strong long-term returns, recent short-term challenges, including falling investor participation and a slight price decline, may be affecting its current market perception.