Why is Kitex Garments falling/rising?

As of 05-Sep, Kitex Garments Ltd is currently priced at 183.55, reflecting an increase of 3.75, or 2.09%. The stock has shown a positive movement today, gaining after two consecutive days of decline, and it outperformed its sector by 2.53%. Despite this daily uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term bearish trend. Over the past week, Kitex Garments has returned +2.71%, while it has experienced a -7.79% decline over the past month. Notably, the stock has generated a remarkable +31.18% return over the past year, significantly outperforming the broader market, which has seen negative returns of -1.81%. The company's strong ability to service its debt, as indicated by a healthy EBIT to Interest ratio of 20.62, supports its stability despite recent price fluctuations.
In the broader market context, Kitex Garments has outperformed the benchmark index, the Sensex, in the short term, with a weekly return that exceeds the index's +1.13%. However, the stock's year-to-date performance of -16.73% contrasts sharply with the Sensex's +3.29%, highlighting a challenging environment for the company relative to the market. The recent decline in investor participation, with a -13.19% drop in delivery volume compared to the 5-day average, suggests a potential decrease in market interest, which could impact future price movements. Overall, while the stock has shown resilience in the face of broader market challenges, its recent performance indicates a mix of positive short-term gains and longer-term concerns.