Why is Kalyan Jewellers falling/rising?

As of 04-Aug, Kalyan Jewellers India Ltd's stock price is rising, currently at Rs 596.00, reflecting an increase of Rs 13.15 or 2.26%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 1.07%. The stock reached an intraday high of Rs 598.2, and while it remains above the 20-day, 50-day, 100-day, and 200-day moving averages, it is below the 5-day moving average. Despite a decrease in investor participation, with delivery volume falling by 22.11% against the 5-day average, the company has shown healthy long-term growth, with net sales and operating profit increasing significantly. Additionally, high institutional holdings at 30.16% suggest strong confidence in the company's fundamentals.
In the broader market context, Kalyan Jewellers' short-term return over the past week is slightly negative at -0.26%, while the benchmark Sensex has gained 0.16%. However, the stock has performed better over the past month, with a return of +1.82% compared to the Sensex's -2.89%. The company has consistently delivered positive results over the last eight quarters, with significant growth in net sales and profit after tax, which supports its strong market position. With a market cap of Rs 60,139 crore, Kalyan Jewellers is the second-largest company in its sector, contributing to its resilience and potential for future growth.