Why is Soma Textiles falling/rising?

As of 25-Jul, Soma Textiles & Industries Ltd is experiencing a decline in its stock price, currently at 101.04, reflecting a decrease of 2.06 (-2.0%). The stock has been losing value for the last two days, with a total drop of -3.62% during this period. Despite this recent downturn, the stock has shown impressive performance over the longer term, with a 200.18% return over the past year and significant outperformance against the BSE500 over various time frames. However, today's trading saw the stock open with a loss of 2% and touch an intraday low of Rs 101.04, indicating a challenging day for investors. Additionally, there has been a decrease in investor participation, with delivery volume falling by 9.8% against the 5-day average, which may contribute to the stock's downward pressure.
In the broader market context, Soma Textiles has outperformed the benchmark Sensex in the short term, with a 1-week return of +11.56% compared to the Sensex's -0.36%. However, the textile sector overall has seen a decline of -2.96%, which may be influencing the stock's performance negatively. Despite the recent price drop, the stock remains above its moving averages across various time frames, indicating a generally strong position in the market. The liquidity of the stock is also adequate for trading, which may help stabilize its price in the future.