Why is Kitex Garments falling/rising?

As of 11-Jul, Kitex Garments Ltd is currently priced at 285.80, reflecting a decrease of 3.75, or 1.3%. The stock has been experiencing a downward trend, having fallen for the last three days, resulting in a total decline of 3.05% during this period. Despite this recent drop, Kitex Garments has shown strong performance over the longer term, with a remarkable 299.11% return over the past year. The company has consistently reported positive results for six consecutive quarters, including significant growth in net sales and profit after tax. However, the recent decline in investor participation, evidenced by a 42.67% drop in delivery volume compared to the five-day average, may be contributing to the stock's current price movement.
In the broader market context, Kitex Garments has outperformed the benchmark Sensex in both the short and long term, with a 2.07% increase over the past week compared to a 1.12% decline in the Sensex. This indicates that while the stock is currently facing a short-term setback, its overall performance remains strong relative to the market. The liquidity of the stock is also adequate for trading, which may provide some support despite the recent price drop. Overall, while Kitex Garments is experiencing a temporary decline, its long-term growth potential and strong financial metrics suggest resilience in the face of short-term fluctuations.