Why is Kitex Garments falling/rising?

As of 03-Jul, Kitex Garments Ltd is experiencing a price increase, with the current price at Rs 275.80, reflecting a rise of Rs 3.05 or 1.12%. Today's price summary indicates that the stock has outperformed its sector by 0.82% and has shown a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 285.65, marking a 4.73% increase. Despite a slight decrease in delivery volume, the company has demonstrated strong financial performance, with positive results over the last six quarters, including significant growth in net sales and profit after tax. This strong financial health, alongside a robust EBIT to interest ratio, supports the stock's recent upward movement.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 2.90% over the past week while the Sensex has only decreased by 0.62%. However, Kitex Garments has shown impressive long-term returns, outperforming the BSE500 over the last year with a remarkable 294.13% increase, compared to the benchmark's 4.07%. This long-term outperformance may contribute to investor confidence, despite the recent short-term fluctuations.