Why is Kalyan Jewellers falling/rising?

As of 22-Jul, Kalyan Jewellers India Ltd is currently priced at 593.30, reflecting an increase of 2.35 (0.4%). The stock has shown a positive trend, gaining for the last two days with a total return of 0.5% during this period. However, it has underperformed its sector by 0.48% today. Despite this, Kalyan Jewellers has outperformed the Sensex over the past week and month, with returns of +0.82% and +14.47%, respectively. The company has demonstrated strong financial health, 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. Additionally, high institutional holdings at 30.16% indicate confidence from more resourceful investors, further supporting the stock's recent upward movement.
In the broader market context, Kalyan Jewellers' short-term performance contrasts with the Sensex, which has declined by 0.47% over the past week. While the stock has shown resilience and growth in the short term, the decline in delivery volume by 28.12% against the five-day average suggests a potential decrease in investor participation. Nevertheless, the stock's consistent returns over the last three years, including a 12.67% return in the past year, highlight its ability to outperform the broader market, which may provide a buffer against short-term fluctuations. Overall, the combination of strong fundamentals and institutional support positions Kalyan Jewellers favorably, despite some signs of reduced trading activity.