Why is Riba Textiles falling/rising?

As of 30-Jul, Riba Textiles Ltd is experiencing a price increase, currently at Rs 87.60, reflecting a change of 1.63 (1.9%) upward. Today's price summary indicates that the stock has outperformed its sector by 1.91% and has shown a trend reversal after two consecutive days of decline. The stock opened with a gain of 2.88% today and reached an intraday high of Rs 88.6, which is a 3.06% increase. Over the past week, Riba Textiles has returned +4.15%, while its one-month return stands at +12.31%. Despite a year-to-date decline of -17.30%, the stock has generated a return of 6.87% over the past year, with profits rising by 7.3%. The company's attractive valuation, trading at a discount compared to peers, and consistent returns over the last three years contribute positively to its recent price movement.
In the broader market context, Riba Textiles has significantly outperformed the Sensex, which has declined by -1.50% over the past week and -2.54% over the past month. The stock's ability to maintain a positive trajectory amidst a generally unfavorable market environment highlights its resilience. However, it is important to note the declining investor participation, with delivery volume falling by -92.08% against the five-day average, which could indicate potential concerns about long-term growth. The company's high Debt to EBITDA ratio and weak long-term fundamental strength may also weigh on investor sentiment, despite the recent positive price movement.