Why is Sai Silks falling/rising?

As of 17-Jul, Sai Silks (Kalamandir) Ltd is experiencing a price increase, currently at Rs 160.10, reflecting a rise of 6.5 or 4.23%. The stock has shown strong performance today, outperforming its sector by 4.91% and reaching an intraday high of Rs 163.75, which is a 6.61% increase. Over the past week, the stock has gained 3.46%, while its one-month return stands at an impressive 21.10%. Despite a year-to-date decline of 5.55% and a one-year return of -6.76%, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 48.25%. However, it is important to note that the stock's profits have fallen by 15% over the past year, which may temper investor enthusiasm.
In the broader market context, while Sai Silks has outperformed the Sensex in the short term, with a 1-week return of 3.46% compared to the benchmark's -1.12%, the stock's year-to-date performance lags behind the Sensex, which has gained 5.27%. The recent increase in stock price may be attributed to its attractive valuation compared to peers and the fact that it is trading above all key moving averages, indicating positive momentum. However, the falling investor participation, as evidenced by a 27.73% drop in delivery volume, could signal caution among investors despite the current price rise.