Why is Kalyan Jewellers falling/rising?

As of 24-Jul, Kalyan Jewellers India Ltd is experiencing a price increase, currently at 613.30, reflecting a change of 1.75 (0.29%) upward. The stock has been gaining for the last four days, with a total return of 3.89% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the stock has seen a significant rise in delivery volume, increasing by 242.09% against the 5-day average, suggesting heightened investor interest. The company has demonstrated healthy long-term growth, with net sales and operating profit increasing at annual rates of 30.76% and 31.95%, respectively. Furthermore, Kalyan Jewellers has reported positive results for the last eight consecutive quarters, contributing to its consistent performance and high institutional holdings, which have increased by 1.31% over the previous quarter.
In the broader market context, Kalyan Jewellers has outperformed the Sensex over the past week, with a return of +2.18% compared to the benchmark's -0.09%. Over the last month, the stock has shown a remarkable return of +17.52%, while the Sensex has only increased by +0.16%. This strong performance relative to the benchmark highlights the stock's resilience and appeal among investors, particularly given its substantial market capitalization of Rs 63,106 crore, making it the second-largest company in its sector. The stock's ability to generate consistent returns over the past three years further underscores its attractiveness, especially in light of the broader market's modest gains.