Why is Kalyan Jewellers falling/rising?

As of 11-Jul, Kalyan Jewellers India Ltd is experiencing a decline in its stock price, currently at 582.25, which reflects a decrease of 5.3 points or 0.9%. Today's price summary indicates that the stock has outperformed its sector by 0.95%, despite a trend reversal after two consecutive days of gains. The stock's performance over the past week shows a slight decline of 0.53%, while it has increased by 8.78% over the past month. 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 shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods, which may provide some support for its stock price despite the recent decline.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.12% over the past week. This indicates that Kalyan Jewellers has managed to perform relatively better than the overall market in the short term, particularly in the context of its recent positive financial results and high institutional holdings at 28.85%. However, the stock's year-to-date performance shows a significant decline of 24.06%, suggesting that broader market conditions may still be affecting investor sentiment negatively. The liquidity of the stock remains strong, with a notable increase in delivery volume, which could indicate rising investor interest despite the current price drop.