Why is Sanathan Textile falling/rising?

As of 21-Aug, Sanathan Textiles Ltd is currently priced at 503.50, reflecting a decrease of 2.0 (-0.4%). The stock has been experiencing a decline, having fallen for the last two days with a total return of -1.02% during this period. Despite this recent downturn, the stock has shown a positive performance over the past week, gaining 3.59%, although it has declined by 7.39% over the past month. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 560.76% against the 5-day average, suggesting heightened interest in the stock. The company maintains a low debt-to-equity ratio of 0.06 and an attractive valuation with a return on equity of 9.5 and a price-to-book value of 2.3, which could support its price stability despite recent fluctuations.
In the broader market context, Sanathan Textiles' recent performance contrasts with the benchmark Sensex, which has increased by 1.74% over the past week and only slightly decreased by 0.24% over the past month. While the stock has outperformed the benchmark in the short term, its longer-term performance is less favorable, with a year-to-date return of 37.46% compared to the Sensex's 4.94%. The increasing stake of institutional investors, who now hold 14.51% of the company, may provide additional support for the stock's fundamentals, as these investors typically have more resources to analyze company performance. However, the recent price decline may reflect broader market sentiments or profit-taking by investors after a strong year-to-date performance.