Why is Sai Silks falling/rising?

As of 18-Jul, Sai Silks (Kalamandir) Ltd is experiencing a price increase, currently at Rs 167.50, reflecting a rise of Rs 7.4 or 4.62%. The stock has shown strong performance today, outperforming its sector by 4.8% and achieving a consecutive gain over the last two days with a total return of 9.05%. Additionally, the stock has touched an intraday high of Rs 169, and it is trading above all key moving averages, indicating positive momentum. The rising investor participation is evident with a significant increase in delivery volume, which has surged by 191.52% compared to the 5-day average. Despite a year-to-date decline of 1.18% and a 1-year return of -2.28%, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with an operating profit growth rate of 48.25%.
In the broader market context, the stock's short-term return of +8.94% over the past week stands in stark contrast to the benchmark Sensex, which has declined by 0.90% during the same period. This outperformance highlights the stock's resilience and attractiveness compared to the overall market. While the stock has faced challenges with a year-over-year profit decline of 15%, its current valuation remains appealing, trading at a discount relative to its peers. The combination of strong recent performance, positive investor sentiment, and favorable financial metrics contributes to the stock's upward movement.