Why is Kitex Garments falling/rising?

As of 14-Jul, Kitex Garments Ltd is currently priced at Rs 279.00, reflecting a decrease of Rs 6.8 or 2.38%. The stock has been underperforming, having lost 5.36% over the last four days, with today's performance showing a decline of 1.86% compared to its sector. The stock reached an intraday low of Rs 273.7, indicating a significant drop of 4.23%. Despite its strong long-term performance, with a remarkable 292.23% return over the past year, the recent trend suggests a decline in investor participation, as evidenced by a 54.77% drop in delivery volume compared to the five-day average.
In the broader market context, Kitex Garments has outperformed the benchmark Sensex in the long term, with a 1-month return of 4.30% compared to the Sensex's 1.40%. However, the stock's recent underperformance in the short term contrasts with its historical strong financial results, including consistent positive earnings growth over the last six quarters. While the company's ability to service its debt remains robust, the current decline in stock price may reflect short-term market dynamics rather than fundamental weaknesses.