Why is Kalyan Jewellers falling/rising?

As of 28-Jul, Kalyan Jewellers India Ltd is experiencing a price increase, currently at 597.55, which reflects a rise of 3.75 or 0.63%. Today's price summary indicates that the stock has outperformed its sector by 2.49%, despite the broader Diamond & Gold Jewellery sector declining by 2.08%. The stock has shown positive momentum with a delivery volume increase of 22.19% against the 5-day average, and it is trading above its 20, 50, 100, and 200-day moving averages. Over the past week, Kalyan Jewellers has gained 1.12%, while in the last month, it has risen by 9.72%. The company has demonstrated strong financial health, with net sales growing at an annual rate of 30.76% and consistent positive results over the last eight quarters, contributing to its recent upward movement.
In the broader market context, Kalyan Jewellers' short-term performance contrasts with the Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This indicates that the stock is not only resilient but also gaining traction in a challenging market environment. The company's high institutional holdings at 30.16% suggest confidence from knowledgeable investors, further supporting its price stability and growth potential. Additionally, Kalyan Jewellers has consistently outperformed the BSE500 over the last three years, reinforcing its position as a strong player in the sector, which constitutes 14.50% of the industry.