Why is Riba Textiles falling/rising?

As of 18-Sep, Riba Textiles Ltd is experiencing a price increase, currently at Rs 84.90, reflecting a rise of Rs 3.9 or 4.81%. Today's performance indicates that the stock has outperformed its sector by 4.61% and has gained after three consecutive days of decline, reaching an intraday high of Rs 85.9. Despite a drop in delivery volume by 39.38% compared to the five-day average, the stock is trading above its moving averages across various timeframes, suggesting a positive trend. Over the past year, Riba Textiles has generated a return of 6.46%, and while its profits have only increased by 1.3%, the company maintains an attractive valuation with a ROCE of 10.1 and is trading at a discount compared to its peers.
In the broader market context, Riba Textiles has shown a short-term return of 2.52% over the past week, outperforming the Sensex, which has increased by 1.80%. This positive momentum in the stock's performance contrasts with its year-to-date decline of 19.85%, while the Sensex has risen by 6.24%. The company has consistently outperformed the BSE500 over the last three years, which may contribute to investor interest despite concerns over its long-term fundamental strength, including a high Debt to EBITDA ratio and weak growth in net sales and operating profit.