Why is Manoj Jewellers falling/rising?

As of 23-Jun, Manoj Jewellers Ltd is experiencing a price increase, currently at Rs. 51.60, which reflects a rise of Rs. 3.6 or 7.5%. The stock has shown strong performance today, hitting a new 52-week and all-time high of Rs. 52.65, with an intraday gain of 9.69%. Over the past three days, the stock has gained 17.01%, significantly outperforming its sector by 7.84%. Additionally, it is trading above all key moving averages, indicating a strong upward trend. The recent surge in investor participation, with a 437.04% increase in delivery volume compared to the five-day average, suggests heightened interest and confidence in the stock.
In the broader market context, Manoj Jewellers has outperformed the Sensex over the past week, with a return of 14.92% compared to the benchmark's modest gain of 0.12%. This strong relative performance indicates that the stock is attracting investor attention, likely due to positive sentiment surrounding its recent price movements and trading activity. The overall market environment appears supportive, as the stock's liquidity remains adequate for trading, further facilitating its upward trajectory.