Why is Kitex Garments falling/rising?

As of 02-Sep, Kitex Garments Ltd is experiencing a price increase, currently at Rs 196.85, reflecting a rise of Rs 9.25 or 4.93%. The stock has shown strong performance today, outperforming its sector by 3.94% and achieving a consecutive gain over the last three days, with a total return of 15.66% during this period. Additionally, the stock has demonstrated impressive long-term performance, with a 63.61% return over the past year, despite the broader market (BSE500) generating negative returns of -4.82%. The company's strong ability to service its debt, indicated by a healthy EBIT to Interest ratio of 20.62, supports its recent upward movement.
In the broader market context, Kitex Garments has outperformed the benchmark Sensex in the short term, with a 1-week return of +9.88% compared to the Sensex's decline of -0.78%. This indicates that while the overall market is facing challenges, Kitex Garments is gaining traction and attracting investor interest, as evidenced by a rise in delivery volume. However, it is important to note that the stock's performance over the longer term, such as the year-to-date return of -10.70%, shows some volatility compared to the benchmark's positive return of +2.58%.