Why is Kalyan Jewellers falling/rising?

As of 10-Jul, Kalyan Jewellers India Ltd's stock price is currently at 587.55, reflecting an increase of 8.7, or 1.5%. The stock has shown positive momentum, having outperformed its sector by 1.76% today and has gained 2.33% over the last two days. In terms of returns, the stock has increased by 1.17% over the past week and 7.35% over the past month, while it has generated a notable 16.58% return over the past year. The company has demonstrated healthy long-term growth, with net sales growing at an annual rate of 30.76% and operating profit at 31.95%. Additionally, Kalyan Jewellers has reported positive results for the last eight consecutive quarters, which has likely contributed to investor confidence and the stock's recent upward movement.
In the broader market context, Kalyan Jewellers' recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's liquidity is also favorable, with a delivery volume increase of 18.4% against the five-day average, indicating rising investor participation. Furthermore, the company holds a significant position in the market with a market cap of Rs 59,731 crore, constituting 14.14% of its sector, and high institutional holdings at 28.85% suggest robust investor confidence. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has contributed to the stock's rising price.