Why is Kitex Garments falling/rising?

As of 10-Sep, Kitex Garments Ltd is experiencing a price increase, currently at Rs 196.10, reflecting a rise of Rs 6.5 or 3.43%. The stock has outperformed its sector today, gaining 3.43%, and has shown a positive trend over the past week and month, with returns of 3.65% and 14.88%, respectively. However, despite these gains, the stock has a year-to-date decline of 11.04%. The company's strong ability to service its debt, indicated by a healthy EBIT to Interest ratio of 20.62, and its impressive one-year return of 26.17% against a negative market backdrop of -2.89% for the BSE500, suggest that the stock's recent performance is bolstered by its relative strength despite underlying concerns about long-term growth and profitability.
In the broader market context, Kitex Garments has outperformed the Sensex, which has only gained 1.06% over the past week, while Kitex's performance of 3.65% indicates a strong short-term return compared to the benchmark. However, the stock's long-term growth prospects are questioned due to modest net sales growth of 7.68% and operating profit growth of 12.92% over the last five years. Additionally, the flat results in June, with a significant drop in PAT and a low operating profit to interest ratio, raise concerns about sustainability. The lack of domestic mutual fund investment, holding only 0% of the company, may reflect a cautious sentiment among institutional investors regarding the stock's valuation and future performance.