Why is Kitex Garments falling/rising?

As of 21-Aug, Kitex Garments Ltd is experiencing a price increase, currently at Rs 208.85, reflecting a rise of Rs 9.9 or 4.98%. The stock has shown strong performance today, outperforming its sector by 5.28% and achieving a consecutive gain over the last four days, with a total return of 19.89% during this period. Despite this positive momentum, the stock's delivery volume has decreased by 39.47% compared to the five-day average, indicating a potential decline in investor participation. Additionally, while the stock is currently above its five-day moving average, it remains below its longer-term moving averages, suggesting mixed signals regarding its short-term strength. The company's solid ability to service its debt, evidenced by a strong EBIT to Interest ratio of 20.62, supports the stock's recent upward movement.
In the broader market context, Kitex Garments has significantly outperformed the benchmark index, the Sensex, which has only increased by 1.74% over the past week. Over the past year, while the broader market has generated negative returns of -1.56%, Kitex Garments has achieved an impressive 80.59% return, highlighting its resilience and market-beating performance. However, the stock's one-month performance shows a decline of 22.88%, contrasting sharply with its recent gains, indicating volatility that may concern investors. Overall, the stock's recent rise can be attributed to its strong short-term performance and solid fundamentals, despite some signs of reduced trading activity.