Why is Kalyan Jewellers falling/rising?

As of 15-Jul, Kalyan Jewellers India Ltd is experiencing a price increase, currently at 588.45, reflecting a rise of 2.8 (0.48%). The stock has shown positive momentum, gaining for the last two days with a total return of 1.06% during this period. Despite this upward movement, the stock's delivery volume has decreased significantly by 53.54% compared to the 5-day average, indicating a decline in investor participation. Over the past week, Kalyan Jewellers has outperformed the Sensex, with a return of 2.49% compared to the benchmark's decline of 1.36%. The company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 30.76% and operating profit at 31.95%. Additionally, it has reported positive results for the last eight consecutive quarters, contributing to a favorable outlook.
In the broader market context, Kalyan Jewellers' recent performance contrasts with the Sensex, which has shown a modest gain of 1.79% over the past month while Kalyan has surged by 13.40%. This indicates that the stock is gaining traction independently of the overall market trends. The company's high institutional holdings at 28.85% suggest that knowledgeable investors are confident in its fundamentals, which may further support its price movement. Despite a year-to-date decline of 23.25%, the stock's consistent returns over the last three years, including a 14.60% return in the past year, highlight its resilience and potential for recovery, making it a compelling option for investors looking for growth in the sector.