Why is Piotex Indus. falling/rising?

As of 10-Sep, Piotex Industries Ltd is experiencing a price increase, currently at Rs 64.90, reflecting a rise of 2.9 or 4.68%. The stock has shown a positive performance today, outperforming its sector by 2.1% and has gained 6.13% over the past week. It opened with a significant gain of 4.68% and has maintained this price throughout the trading day. Additionally, Piotex Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 88.1% compared to the 5-day average, which could be a concern for future price stability.
In the broader market context, Piotex Industries' recent performance contrasts with the benchmark Sensex, which has only increased by 1.06% over the past week. While the stock has shown a positive short-term return, it has underperformed year-to-date with a decline of 12.89% compared to the Sensex's gain of 4.21%. This suggests that despite the recent gains, the stock's longer-term performance remains weak relative to the market. The textile sector, in which Piotex operates, has also seen a gain of 2.44%, contributing to the stock's positive movement today.