Why is Sai Silks falling/rising?

As of 02-Jul, Sai Silks (Kalamandir) Ltd is experiencing a price increase, currently at Rs 164.80, reflecting a rise of Rs 11.55 or 7.54%. The stock has shown strong performance today, outperforming its sector by 8.9% and achieving consecutive gains over the last three days, with a total return of 16.22% during this period. The stock reached an intraday high of Rs 174.35, indicating significant upward momentum, although it also faced volatility with a wide trading range of Rs 24.65. Additionally, the stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 72.66% compared to the five-day average. Despite a negative return of -16.11% over the past year, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth in operating profit, contributing to its attractive valuation.
In the broader market context, Sai Silks has significantly outperformed the benchmark Sensex over the past week and month, with returns of +18.05% and +24.47%, respectively, compared to the Sensex's +0.79% and +2.50%. However, the stock has underperformed year-to-date and over the past year, with returns of -2.77% and -16.11%, while the Sensex has gained +6.75% and +5.00% in those periods. This contrast highlights the stock's recent recovery in the short term, despite its longer-term struggles relative to the broader market.