Why is Kalyan Jewellers falling/rising?

As of 16-Jul, Kalyan Jewellers India Ltd is experiencing a slight increase in its stock price, currently at 588.50, with a change of 0.05 (0.01%) upwards. The stock has shown a positive trend, gaining for the last three days with a total return of 1.07% during this period. It is currently performing above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite a recent decline in investor participation, as indicated by a 35.38% drop in delivery volume, the company has demonstrated strong fundamentals, including consistent net sales growth and positive results over the last eight quarters, which supports its recent price movement.
In the broader market context, Kalyan Jewellers has outperformed the benchmark Sensex over the past week, with a return of +1.67% compared to the Sensex's -1.08%. This positive performance is further highlighted by the company's impressive long-term growth metrics, such as a 30.76% annual growth rate in net sales and a high inventory turnover ratio. Additionally, the stock has consistently generated returns, outperforming the BSE500 over the last three years, which may contribute to investor confidence despite the recent dip in trading volume. Overall, the combination of strong financial performance and relative outperformance against the benchmark suggests a favorable outlook for Kalyan Jewellers.