Why is Kalyan Jewellers falling/rising?

As of 27-Jun, Kalyan Jewellers India Ltd is experiencing a decline in its stock price, currently at 544.60, which reflects a decrease of 7.25 points or 1.31%. Today's price summary indicates that the stock has underperformed its sector by 0.61% and has fallen after three consecutive days of gains. Despite having higher moving averages than the 5-day, 20-day, 50-day, and 100-day averages, it remains lower than the 200-day moving average. The stock's performance over the past week shows a gain of 5.07%, but it has underperformed over the past month with a decline of 3.23%. Positive factors include consistent growth in net sales and operating profit, as well as a strong inventory turnover ratio, while high institutional holdings suggest confidence in the company's fundamentals.
Broader market context reveals that while Kalyan Jewellers has generated a return of 14.93% over the past year, it has significantly lagged behind the benchmark Sensex, which has increased by 6.08% during the same period. The stock's year-to-date performance is notably poor, with a decline of 28.97%, contrasting sharply with the Sensex's gain of 7.58%. This divergence in performance may contribute to the stock's current downward movement, as investor sentiment could be influenced by the broader market trends and the company's recent underperformance relative to its sector.