Why is Kitex Garments falling/rising?

As of 09-Sep, Kitex Garments Ltd is experiencing a decline in its stock price, currently at Rs 189.60, which reflects a decrease of Rs 3.1 or 1.61%. Today's price summary indicates that the stock has underperformed its sector by 1.63% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 185.1, and trading volume has decreased significantly, with delivery volume down by 41.74% compared to the five-day average. Over the past week, the stock has declined by 3.68%, while it has shown a positive return of 11.07% over the past month. Despite a strong ability to service its debt and a notable return of 17.54% over the past year, the company's long-term growth prospects appear weak, with net sales and operating profit growth rates of only 7.68% and 12.92%, respectively, over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.18% over the past week and 1.56% over the past month. While Kitex Garments has outperformed the market over the past year, the current decline indicates a potential shift in investor sentiment, possibly influenced by the company's flat results in June and a low operating profit to interest ratio. Additionally, the lack of domestic mutual fund investment may suggest caution among institutional investors regarding the stock's valuation and growth potential. Overall, the combination of recent underperformance, declining trading volume, and concerns about long-term growth are contributing to the stock's downward movement.