Why is Vardhman Textile falling/rising?

As of 27-Jun, Vardhman Textiles Ltd is experiencing a price increase, currently at 492.45, reflecting a rise of 5.45 or 1.12%. The stock has outperformed its sector today by 0.39%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 36.93% compared to the 5-day average. Despite a year-to-date decline of 3.25%, the stock has shown strong performance over the longer term, with a 3-year return of 74.88% and a 5-year return of 266.92%. The company's low Debt to EBITDA ratio of 0.89 times and high institutional holdings at 22.47% suggest a strong ability to service debt and confidence from institutional investors, which may support the stock's recent upward movement.
In the broader market context, Vardhman Textiles has outperformed the Sensex in the past week, with a return of 6.97% compared to the benchmark's 2.00%. However, over the past month, the stock has lagged behind the Sensex, which has returned 3.07% while Vardhman Textiles only managed a 0.82% increase. The overall market sentiment appears to be favorable, as indicated by the Sensex's year-to-date gain of 7.58%. This suggests that while Vardhman Textiles is currently rising, it is essential to consider its performance relative to the broader market trends and investor behavior.