Why is Kalyan Jewellers falling/rising?

As of 06-Oct, Kalyan Jewellers India Ltd is currently priced at Rs 485.30, reflecting a decrease of Rs 6.4 or 1.3%. The stock has underperformed its sector by 0.45% today and has experienced a trend reversal, falling after three consecutive days of gains. The stock touched an intraday low of Rs 479.2, indicating a decline of 2.54%. Over the past week, the stock has shown a positive return of 8.10%, but it has underperformed over the past month with a decline of 3.37% and a significant year-to-date drop of 36.70%. Despite these recent challenges, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 29.84% and a net profit growth of 40.76%. The company has also reported positive results for the last nine consecutive quarters, which may provide some support for the stock despite its current decline.
In the broader market context, Kalyan Jewellers' recent performance contrasts with the Sensex, which has gained 1.77% over the past week and 1.34% over the past month. This suggests that while the stock has seen some short-term recovery, it is still lagging behind the overall market performance. The stock's liquidity remains adequate, with a delivery volume increase of 9.04% against the five-day average, indicating rising investor participation. However, the stock's moving averages indicate a bearish trend, as it is lower than the 20-day, 50-day, 100-day, and 200-day moving averages. The high institutional holdings at 30.16% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals, but the recent price decline suggests that market sentiment may still be cautious.