Why is Kalyan Jewellers falling/rising?

As of 17-Jul, Kalyan Jewellers India Ltd is experiencing a price increase, currently at Rs 600.20, reflecting a rise of Rs 11.7 or 1.99%. The stock has been on an upward trend, gaining for the last four days with a total return of 3.08% during this period. It has outperformed its sector by 1.4% today and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume by 41.95% compared to the 5-day average, the company has shown strong financial performance, with net sales growing at an annual rate of 30.76% and positive results for the last eight consecutive quarters, contributing to a healthy long-term growth outlook.
In the broader market context, Kalyan Jewellers has outperformed the Sensex in the short term, with a 1-week return of 2.15% compared to the benchmark's decline of 1.12%. Over the past month, the stock has surged by 16.68%, while the Sensex has only increased by 0.83%. This strong performance is supported by high institutional holdings at 28.85%, indicating confidence from sophisticated investors. Despite a year-to-date decline of 21.72%, the company remains the second largest in its sector, which may provide a buffer against broader market fluctuations.