Why is Kitex Garments falling/rising?

As of 12-Nov, Kitex Garments Ltd is currently priced at 205.55, reflecting an increase of 2.2, or 1.08%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 3.47% in this period. However, it underperformed its sector by 0.48% today. The stock's performance over various time frames indicates mixed results; it has risen by 7.93% over the past month but has a year-to-date decline of 6.75%. While the company's ability to service its debt appears strong with a healthy EBIT to Interest ratio, concerns about its long-term growth persist, as evidenced by a modest annual growth rate in net sales and operating profit over the last five years. Additionally, the stock's valuation appears expensive relative to its return on capital employed, which may deter some investors.
Broader market context shows that the Sensex has outperformed Kitex Garments in the short term, with a 1.21% increase over the past week compared to the stock's 0.15% gain. This underperformance relative to the benchmark may contribute to investor caution. Furthermore, the falling investor participation, as indicated by a 17.59% drop in delivery volume against the five-day average, suggests a lack of confidence among traders. Despite the stock trading at a discount compared to its peers, the limited interest from domestic mutual funds, holding only 0.34% of the company, may indicate broader market apprehensions regarding the stock's valuation and growth prospects.