Why is R&B Denims falling/rising?

As of 04-Sep, R&B Denims Ltd is currently priced at Rs. 102.00, reflecting a decline of Rs. 8.56 or 7.74%. The stock reached a new 52-week high of Rs. 127 earlier in the day but has since fallen after four consecutive days of gains. Despite this drop, the stock has shown strong performance over various periods, with a 40.86% return over the last year and a remarkable 245.76% increase over the past five years. The recent volatility, with an intraday range of Rs. 26.4 and a high volatility of 11.6%, indicates significant trading activity. Additionally, the stock is trading above its moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 384.07% against the five-day average.
In the broader market context, R&B Denims has outperformed the Sensex, generating a 10.87% return over the past week compared to the benchmark's 0.80%. This trend of market-beating performance is evident in the stock's returns over one month and year-to-date as well. However, today's performance underperformed the sector by 6.67%, which may have contributed to the stock's decline. Overall, while R&B Denims has demonstrated healthy long-term growth and strong operating profit increases, the recent price drop could be attributed to profit-taking after reaching a high and the inherent volatility in the market.