Why is Manoj Jewellers falling/rising?

As of 25-Jun, Manoj Jewellers Ltd is experiencing a price increase, currently at Rs. 55.00, which reflects a rise of Rs. 1.64 or 3.07%. The stock has shown strong performance recently, gaining 24.72% over the past week and 15.30% over the past month. Today, it reached a new 52-week high of Rs. 55.01 and has been on a consecutive gain streak for the last five days. The stock is 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 significant increase in investor participation, with delivery volume rising by 260.22% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, while the Sensex has only increased by 1.61% over the past week, Manoj Jewellers' performance significantly outpaces this benchmark, highlighting its strong relative strength. The diamond and gold jewellery sector has also seen a gain of 3.4%, which may be contributing to the positive sentiment around Manoj Jewellers. However, it is noted that the stock underperformed its sector by 0.32% today, indicating some volatility despite the overall upward trend. The absence of specific positive or negative factors in the dashboard does not detract from the stock's recent gains, as the overall market dynamics and investor interest appear to be driving its price higher.