Why is Kalyan Jewellers falling/rising?

As of 18-Jul, Kalyan Jewellers India Ltd is experiencing a decline in its stock price, currently at 590.35, which reflects a decrease of 9.85 points or 1.64%. Despite this drop, the stock has shown a positive trend over the past week, gaining 1.39%, and has outperformed the benchmark Sensex, which fell by 0.90%. However, today's performance indicates a reversal after four consecutive days of gains, and the stock has underperformed its sector by 0.76%. Notably, Kalyan Jewellers is trading above its moving averages across various timeframes, and there has been a significant increase in delivery volume, suggesting rising investor participation. The company has demonstrated healthy long-term growth, with net sales and operating profit increasing annually, and it has reported positive results for the last eight quarters.
In the broader market context, Kalyan Jewellers' year-to-date performance shows a decline of 23.00%, contrasting with the Sensex's gain of 4.63%, indicating a significant underperformance over a longer period. However, the stock has consistently generated returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The high institutional holdings at 28.85% suggest that informed investors are backing the stock, which may provide some stability despite the recent price drop. Overall, while the stock is facing short-term challenges, its strong fundamentals and historical performance may support a recovery in the future.