Why is Suryalak. Cott. falling/rising?

As of 07-Jul, Suryalakshmi Cotton Mills Ltd's stock price is currently at 78.89, reflecting an increase of 2.77, or 3.64%. The stock has shown strong performance today, outperforming its sector by 4.3% and achieving a consecutive gain over the last two days with a total return of 11.9%. It opened with a significant gap up of 8.25% and reached an intraday high of Rs 82.4. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-to-date decline of 7.25% and a one-year drop of 9.05%, the company has reported healthy long-term growth, with operating profit increasing at an annual rate of 41.03%. Positive quarterly results, including a 169% growth in profit before tax and record net sales, contribute to the stock's upward movement, although profits have fallen by 30% over the past year.
In the broader market context, Suryalakshmi Cotton Mills Ltd has outperformed the Sensex in the short term, with a 1-week return of 7.54% compared to the benchmark's slight decline of 0.20%. This indicates that the stock is gaining traction relative to the overall market, which may be encouraging investor participation, as evidenced by a significant increase in delivery volume. The stock's liquidity is also favorable, allowing for adequate trading activity. While the stock is trading at a discount compared to its peers' historical valuations, the majority ownership by promoters may provide additional stability and confidence in the company's future performance.