Why is Kitex Garments falling/rising?

As of 05-Aug, Kitex Garments Ltd is experiencing a decline in its stock price, currently at Rs 199.05, reflecting a decrease of Rs 10.45 or 4.99%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 18.25% during this period. It opened today with a loss of 4.99% and has not traded outside this price range. Additionally, Kitex Garments is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a significant increase in investor participation, with delivery volume rising by 590.61% against the 5-day average, the overall performance has underperformed the sector by 4.56%.
In the broader market context, Kitex Garments has underperformed compared to the Sensex, which has only declined by 0.77% over the past week, while Kitex has dropped by 16.99%. Over the past month, Kitex has seen a decline of 28.91%, contrasting sharply with the Sensex's decrease of 3.26%. Year-to-date, Kitex is down 9.70%, while the Sensex has gained 3.29%. Despite a strong performance over the longer term, with a 186.14% increase over the past year, the recent short-term trends indicate significant volatility and a bearish sentiment surrounding the stock.