Why is SP Apparels falling/rising?

As of 09-Jul, SP Apparels Ltd. is experiencing a price increase, currently trading at 852.45, reflecting a rise of 22.65 or 2.73%. Today's price summary indicates that the stock has outperformed its sector by 2.74% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 853.8, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 127.18% compared to the 5-day average. Over the past year, the stock has generated a return of 7.03%, while profits have increased by 5.5%, indicating a solid performance despite a year-to-date decline of 7.18%.
In the broader market context, SP Apparels' short-term performance has been slightly negative, with a 1-week return of -0.64%, while the benchmark Sensex has gained 0.15%. However, the stock has shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.11 times and high institutional holdings at 21.49%, which suggests confidence from more knowledgeable investors. Despite the recent fluctuations, the stock's attractive valuation relative to peers and its consistent performance contribute positively to its current upward movement.