Why is SP Apparels falling/rising?

As of 25-Jun, SP Apparels Ltd. has experienced a price increase, currently trading at Rs 843.95, reflecting a rise of 18.3 points or 2.22%. The stock has shown a positive performance today, outperforming its sector by 1.06% and achieving a consecutive gain over the last two days with a total return of 6.02% during this period. Despite a decline of 3.60% over the past month and an 8.11% drop year-to-date, the stock has generated an 18.03% return over the last year, indicating a strong performance relative to its historical returns. The company's low Debt to EBITDA ratio of 1.11 times and a return on capital employed (ROCE) of 12 suggest a solid ability to service debt, contributing to its attractive valuation. Additionally, high institutional holdings at 21.49% may provide confidence in the stock's fundamentals.
In the broader market context, SP Apparels has outperformed the Sensex in the short term, with a 1-week return of 3.60% compared to the benchmark's 1.61%. This indicates that, while the stock has faced challenges in the longer term, it is currently gaining momentum relative to the market. The stock's liquidity remains adequate, although there has been a notable decline in investor participation, with delivery volume falling by 33.94% against the 5-day average. Overall, the combination of recent gains, strong institutional backing, and a favorable debt profile supports the stock's upward movement despite some longer-term volatility.