Why is Bhakti Gems falling/rising?

As of 30-Jul, Bhakti Gems & Jewellery Ltd is experiencing a price increase, currently trading at 20.20, which reflects a rise of 0.72 or 3.7%. The stock has shown strong performance recently, gaining 14.12% over the last three days and outperforming its sector by 3.69% today. Additionally, it has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's recent positive momentum is supported by a significant increase in delivery volume, which rose by 210.92% compared to the 5-day average. Furthermore, the company reported positive quarterly results, including a 30.48% growth in net sales and the highest profit before tax and profit after tax figures recorded.
In the broader market context, Bhakti Gems has outperformed the benchmark, as evidenced by its 1-week return of +10.87% compared to the Sensex's -1.50%. Over the past year, while the stock has generated a return of 12.85%, the broader market has faced negative returns of -2.34%. This indicates that despite the overall market challenges, Bhakti Gems has managed to maintain a positive trajectory, likely due to its fair valuation and discount compared to peers, alongside a majority of non-institutional shareholders.