Why is Manoj Jewellers falling/rising?

As of 12-Jun, Manoj Jewellers Ltd is experiencing a price increase, currently at Rs 47.00, reflecting a rise of Rs 4.34 or 10.17%. Today, the stock has shown strong performance, outperforming its sector by 12.55% and reversing a trend after two consecutive days of decline. It opened with a gain of 2.32% and reached an intraday high of Rs 50, marking a significant increase of 17.21%. The stock has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 15.94% compared to the 5-day average. However, the specific positive and negative factors impacting the stock are not available.
In the broader market context, the stock's short-term return of +5.50% over the past week significantly outperforms the Sensex, which has only increased by 0.31% during the same period. This indicates that while the overall market has been relatively flat, Manoj Jewellers has managed to capture investor interest and show resilience. The diamond and gold jewellery sector has seen a decline of -2.38%, yet Manoj Jewellers has bucked this trend, suggesting that specific company factors are driving its price upward despite broader sector challenges.