Why is SP Apparels falling/rising?

As of 27-Jun, SP Apparels Ltd. is experiencing a price increase, currently at Rs 853.50, which reflects a rise of 11.5 points or 1.37%. The stock has shown a positive performance today, outperforming its sector by 0.64%, and reached an intraday high of Rs 859, marking a 2.02% increase. In terms of returns, over the past week, the stock has risen by 4.21%, although it has seen a decline of 2.79% over the past month. Notably, SP Apparels is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company also has a low Debt to EBITDA ratio of 1.11 times, a favorable ROCE of 12, and high institutional holdings at 21.49%, which contribute to its attractive valuation and positive investor sentiment.
In the broader market context, SP Apparels' short-term return of 4.21% over the past week significantly outpaces the Sensex's return of 2.00% in the same period. While the stock has underperformed the benchmark over the past month and year-to-date, it has delivered an impressive 18.57% return over the last year, outperforming the BSE 500 in the long term. This strong historical performance, combined with rising investor participation and liquidity, suggests that the stock is currently viewed favorably by investors, contributing to its recent price rise.