Why is Kitex Garments falling/rising?

As of 22-Sep, Kitex Garments Ltd is experiencing a decline in its stock price, currently at Rs 209.80, which reflects a decrease of Rs 10.45 or 4.74%. Today's performance indicates that the stock has underperformed its sector by 4.03%, following a trend reversal after four consecutive days of gains. The stock touched an intraday low of Rs 209.25 and has a weighted average price that suggests more volume was traded closer to this low. Despite a strong historical performance with a 30.96% return over the past year, the company's recent financial results have shown concerning trends, including a drop in profit after tax and a low operating profit to interest ratio, which may be contributing to the current price decline.
In the broader market context, Kitex Garments has outperformed the benchmark Sensex in the short term, with a 1-week return of 8.37% compared to the Sensex's 0.46%. However, the stock's year-to-date performance is negative at -4.83%, contrasting with the Sensex's positive return of 5.15%. This disparity highlights the stock's volatility and potential investor concerns regarding its long-term growth prospects, as indicated by stagnant sales growth and low domestic mutual fund interest. The company's ability to service its debt remains strong, but the overall sentiment may be affected by its flat recent results and expensive valuation metrics, leading to cautious trading behavior among investors.