Why is Kitex Garments falling/rising?

As of 04-Sep, Kitex Garments Ltd is currently priced at 179.80, reflecting a decline of 9.4 points or 4.97%. The stock has been underperforming, having lost 8.66% over the last two days and trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Today's trading saw high volatility with an intraday fluctuation of 6.58%, and the stock reached a high of Rs 195.75 before dropping to a low of Rs 179.75. Despite a strong historical performance, with a 29.16% increase over the past year, the stock has faced challenges recently, including a significant drop of 14.18% over the last month and a decrease in investor participation, as evidenced by a 21.63% decline in delivery volume compared to the 5-day average.
In the broader market context, while the Sensex has only seen a slight decline of 0.37% over the past month, Kitex Garments' performance has been notably worse, indicating a significant underperformance relative to the benchmark. The stock's ability to service its debt remains strong, with a healthy EBIT to Interest ratio of 20.62, which could provide some support. However, the overall market sentiment appears to be weighing on the stock, as it has underperformed its sector by 3.9% today and has been experiencing a downward trend in recent trading sessions.