Why is Kalyan Jewellers falling/rising?

As of 04-Jul, Kalyan Jewellers India Ltd is currently priced at 585.35, reflecting an increase of 4.6 or 0.79%. Today's price summary indicates that the stock is performing inline with its sector, and it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite a significant drop in investor participation, with delivery volume falling by 73.42% against the 5-day average, the stock has shown strong long-term growth, evidenced by a 30.76% annual increase in net sales and a 31.95% rise in operating profit. The company has consistently reported positive results for the last eight quarters, with net sales growing at 38.07% and profit after tax increasing by 27.72% in the latest six months. Additionally, high institutional holdings at 28.85% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Kalyan Jewellers has outperformed the benchmark Sensex in the short term, with a 7.48% return over the past week compared to a decline of 0.74% for the index. While the stock has experienced a year-to-date decline of 23.65%, it has generated a 19.37% return over the past year, outperforming the BSE500 in each of the last three annual periods. This strong performance, coupled with its significant market capitalization of Rs 59,927 crore, positions Kalyan Jewellers as a leading player in its sector, constituting 13.57% of the entire industry. The combination of solid financial growth, consistent returns, and institutional backing contributes to the stock's recent positive price movement.