Why is Soma Textiles falling/rising?

As of 22-Jul, Soma Textiles & Industries Ltd is experiencing a rise in its stock price, currently at Rs. 99.84, reflecting an increase of 4.75 (5.0%). The stock has hit a new 52-week high today and has shown impressive performance, gaining 121.13% over the last nine days. Additionally, it has outperformed the sector by 5.43% today. Over various periods, the stock has demonstrated substantial returns, including a remarkable 189.90% increase over the past year and an astonishing 1181.64% over the last three years. The majority shareholders being promoters and the stock's consistent market-beating performance in both the long and near term contribute positively to its recent upward movement.
In the broader market context, while Soma Textiles has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.47% over the past week, the stock's short-term performance remains strong. The stock's recent gains contrast sharply with the benchmark's performance, highlighting its resilience and attractiveness to investors. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 80.76% against the five-day average, which may indicate a potential concern for future momentum despite the current positive trends.