Why is Kitex Garments falling/rising?

As of 01-Sep, Kitex Garments Ltd is experiencing a price increase, with its current price at Rs 187.60, reflecting a rise of Rs 8.9 or 4.98%. The stock has shown a positive trend recently, gaining 10.22% over the last two days and outperforming its sector by 3.94% today. Despite trading lower than its moving averages across various time frames, the stock's performance has been bolstered by a strong ability to service its debt, indicated by a healthy EBIT to Interest ratio of 20.62. Additionally, the stock has generated impressive returns of 55.39% over the past year, significantly outperforming the broader market, which has seen negative returns.
In the broader market context, Kitex Garments has outperformed the benchmark index, as evidenced by its recent performance compared to the BSE500, which has recorded a decline of 4.75% over the last year. While the stock has faced challenges in the short term, with a 13.21% decline over the past month, its recent gains suggest a positive shift in investor sentiment, likely driven by increased participation and liquidity in trading. Overall, the combination of strong financial health and recent positive performance has contributed to the stock's upward movement.