Why is Kalyan Jewellers falling/rising?

As of 30-Jul, Kalyan Jewellers India Ltd is experiencing a slight decline in its stock price, currently at 604.55, reflecting a change of -0.1 (-0.02%). The stock has shown a trend reversal, falling after two consecutive days of gains. Despite this, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a notable decrease in investor participation, with delivery volume dropping by 27.81% compared to the 5-day average. In terms of returns, the stock has underperformed in the year-to-date period with a decline of 21.15%, although it has performed well over the last month with an increase of 8.78%.
In the broader market context, Kalyan Jewellers' recent performance contrasts with the benchmark Sensex, which has declined by 1.50% over the past week, while Kalyan Jewellers has only fallen by 1.14%. This suggests that the stock is relatively resilient compared to the market. The company has demonstrated strong long-term growth, with net sales and operating profit increasing significantly, and it has maintained positive results for the last eight consecutive quarters. High institutional holdings at 30.16% further support the stock's stability, as these investors tend to have a better understanding of the company's fundamentals. Overall, while the stock is currently facing a minor decline, its long-term prospects remain strong.