Why is R&B Denims falling/rising?

As of 06-Aug, R&B Denims Ltd is experiencing a price increase, currently at Rs 93.12, which reflects a rise of Rs 2.96 or 3.28%. The stock has shown a positive trend today, outperforming its sector by 5.35% and reversing a three-day decline. It reached an intraday high of Rs 95, marking a 5.37% increase. Over the past week, the stock has gained 3.47%, while its performance over the past month shows a 2.66% increase. However, there is a notable decline in investor participation, with delivery volume dropping by 92.46% compared to the five-day average, which could indicate reduced interest despite the price rise.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 1.15% over the past week, R&B Denims' performance is significantly stronger. The stock's year-to-date return of 9.55% also surpasses the Sensex's 3.08% gain, highlighting its resilience in a challenging market environment. While the textile sector overall has fallen by 2.07%, R&B Denims has managed to maintain its upward trajectory, supported by its trading above all key moving averages. This suggests that despite broader market challenges, R&B Denims is positioned favorably, contributing to its rising stock price.