Why is Kalyan Jewellers falling/rising?

As of 07-Aug, Kalyan Jewellers India Ltd is currently priced at Rs 590.75, reflecting an increase of Rs 1.75 or 0.3%. Today's price summary indicates that the stock outperformed its sector by 0.36%, despite touching an intraday low of Rs 569.8, which represents a decline of 3.26%. Over the past week, the stock has seen a slight decrease of 0.61%, but it has shown a positive return of 1.16% over the past month. The company has demonstrated strong fundamentals, with net sales growing at an annual rate of 30.76% and a net profit increase of 40.76%. Additionally, Kalyan Jewellers has reported positive results for the last nine consecutive quarters, which has likely contributed to the stock's recent upward movement.
In the broader market context, Kalyan Jewellers has outperformed the Sensex, which has declined by 0.69% over the past week. The stock's performance is supported by high institutional holdings at 30.16%, indicating confidence from larger investors who have increased their stake by 1.31% in the previous quarter. Furthermore, the company has consistently generated returns, outperforming the BSE500 over the last three years. With a market capitalization of Rs 60,779 crore, Kalyan Jewellers remains a significant player in its sector, constituting 14.56% of the industry, which may bolster investor confidence and contribute to its stock price resilience.