Why is Osiajee Texfab falling/rising?

As of 25-Jul, Osiajee Texfab Ltd's stock price is currently at Rs. 293.50, reflecting an increase of Rs. 3.2 or 1.1%. The stock reached a new 52-week and all-time high of Rs. 304 today, indicating strong performance with an intraday high reflecting a 4.72% increase. Over the past month, the stock has shown a remarkable return of 16.24%, significantly outperforming the Sensex, which declined by 1.56%. The company's strong fundamentals, including a high return on equity of 31.13% and impressive growth in net sales and operating profit, have contributed to its positive momentum. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 28.3% against the 5-day average.
In the broader market context, while the stock has performed well in the long term, generating a staggering 595.83% return over the past year, it has recently faced a slight decline in the textile sector, which has fallen by 2.96%. Compared to the Sensex, which has seen a minor decline of 0.36% over the past week, Osiajee Texfab's short-term performance has been relatively stable, although it is slightly down by 0.47% in the same period. The stock's valuation remains a concern, as it is considered expensive with a price-to-book value of 10.6, despite trading at a discount compared to its peers. Overall, the combination of strong company performance and sector challenges is influencing the stock's recent price movements.