Why is Bhakti Gems falling/rising?

As of 31-Jul, Bhakti Gems & Jewellery Ltd is currently priced at 20.20, with no change in price (0.00%). The stock has shown a strong performance recently, with a 9.96% increase over the past week and a remarkable 49.74% rise over the past month. Despite a decline in delivery volume by 39.82% against the 5-day average, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive financial results, including a 30.48% growth in net sales and the highest profit before tax and profit after tax recorded, contribute to its favorable valuation, as it trades at a discount compared to peers. However, it is important to note that while the stock has generated a 12.22% return over the past year, its profits have decreased by 1%.
In the broader market context, Bhakti Gems has outperformed the benchmark, as the BSE500 index has experienced a negative return of 3.20% over the last year, while Bhakti Gems has managed to achieve a positive return of 12.22%. This indicates that the stock is currently in a strong position relative to the overall market, which may be attracting investor interest despite the recent decline in delivery volume. The majority of shareholders being non-institutional suggests a potential for stability in ownership, which may also support the stock's performance in a challenging market environment.