Why is Vardhman Textile falling/rising?

As of 10-Jul, Vardhman Textiles Ltd is currently priced at 508.95, reflecting an increase of 3.95, or 0.78%. The stock has shown a positive trend, gaining for the last three days with a total return of 2.32% during this period. It has outperformed its sector by 1.08% today and reached an intraday high of Rs 515.25. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these positive indicators, there has been a decline in investor participation, with delivery volume falling by 13.64% against the 5-day average. The company benefits from a low Debt to EBITDA ratio of 0.89 times, indicating a strong ability to service its debt, and high institutional holdings at 22.47%, which suggests confidence from more knowledgeable investors.
In the broader market context, Vardhman Textiles has outperformed the Sensex over the past week, with a return of 2.16% compared to the benchmark's slight decline of 0.06%. Over the past month, the stock has also shown a positive return of 4.34%, while the Sensex has increased by 0.97%. However, year-to-date, Vardhman Textiles has remained flat with a return of -0.01%, contrasting with the Sensex's gain of 6.46%. This mixed performance indicates that while the stock is currently rising, it has faced challenges in the longer term compared to the broader market.