Why is Kalyan Jewellers falling/rising?

As of 30-Jun, Kalyan Jewellers India Ltd's stock price is rising, currently at Rs 555.75, reflecting an increase of Rs 11.15 or 2.05%. Today's price summary indicates that the stock outperformed its sector by 1.44%, reaching an intraday high of Rs 558.7. The stock has shown a strong performance over the past week, with a return of +7.85%, although it has experienced a slight decline of -0.85% over the past month. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 30.76% and operating profit at 31.95%. Positive results over the last eight consecutive quarters, along with high institutional holdings at 28.85%, suggest strong investor confidence, contributing to the stock's upward movement.
Broader market context shows that while Kalyan Jewellers has outperformed the sector in the short term, it has lagged behind the benchmark Sensex over the past month, which has gained +2.65%. However, the stock's impressive three-year return of +827.80% and consistent performance in generating returns over the last year (+10.63%) indicate a robust position relative to the broader market. The liquidity of the stock, supported by a significant increase in delivery volume, further enhances its attractiveness to investors, reinforcing the positive sentiment surrounding Kalyan Jewellers amidst a fluctuating market environment.