Why is Kitex Garments falling/rising?

As of 15-Sep, Kitex Garments Ltd is currently priced at Rs 193.60, reflecting a decline of Rs 4.4 or 2.22%. The stock has underperformed its sector by 2.52% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 3.49%. Despite touching an intraday high of Rs 202.4, the stock's performance has been hindered by a decrease in delivery volume, which fell by 31.88% against the 5-day average. Over the past year, while the stock has generated a return of 13.54%, its profits have increased by 74.4%, indicating a strong performance relative to the market, but concerns about long-term growth persist due to modest net sales and operating profit growth rates.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has risen by 1.24% over the past week and 1.47% over the past month. Although Kitex Garments has outperformed the market over the past year, the current decline reflects investor concerns about its long-term growth potential, as indicated by a low return on capital employed and a significant lack of domestic mutual fund investment. This lack of confidence from institutional investors may contribute to the stock's downward pressure, despite its ability to service debt effectively and a relatively low PEG ratio suggesting it is undervalued compared to peers.