Why is Kitex Garments falling/rising?

As of 22-Aug, Kitex Garments Ltd is experiencing a decline in its stock price, currently at Rs 198.45, which represents a decrease of Rs 10.4 or 4.98%. Today's price summary indicates that the stock opened with a gain of 3.11% but has since fallen, marking a trend reversal after four consecutive days of gains. The stock reached an intraday high of Rs 217.55 before dropping to its current low. Additionally, the stock has underperformed its sector by 4.75% today, and there has been a significant drop in investor participation, with delivery volume falling by 69.41% compared to the 5-day average. Despite this, the stock has shown strong performance over the past year, generating a return of 59.79%, significantly outperforming the broader market, which has seen negative returns of -2.49%.
In the broader market context, Kitex Garments' short-term performance has been notably better than the benchmark, as it recorded a 13.92% increase over the past week while the Sensex only rose by 0.88%. However, the stock's performance over the last month has been poor, with a decline of 22.93% compared to a slight drop of 1.07% in the benchmark. This volatility, coupled with the stock's current price movement and reduced investor interest, suggests that while the company has a strong ability to service its debt and has historically outperformed the market, recent trends indicate a challenging environment for the stock.