Why is Soma Textiles falling/rising?

As of 24-Jul, Soma Textiles & Industries Ltd is currently priced at 103.10, reflecting a decrease of 1.73, or 1.65%. The stock has recently hit a new 52-week high of Rs. 106.9 but has underperformed its sector today by 1.67%. Despite this short-term decline, the stock has shown impressive performance over various periods, with a 212.33% increase over the past year and a staggering 1223.49% rise over the last three years. The stock is trading above its moving averages across multiple time frames, indicating a generally strong upward trend. However, the recent fall follows a streak of ten consecutive days of gains, suggesting a potential trend reversal. Additionally, rising investor participation, as evidenced by an increase in delivery volume, indicates ongoing interest in the stock.
In the broader market context, Soma Textiles has significantly outperformed the benchmark Sensex, which has only seen a 0.16% increase over the past month, while Soma Textiles has surged by 137.01% in the same timeframe. This stark contrast highlights the stock's strong market position and investor confidence, despite its recent decline. The stock's liquidity remains adequate for trading, further supporting its market activity. Overall, while the stock is experiencing a temporary setback, its long-term performance and strong returns suggest that it remains a compelling investment option.