Why is Manoj Jewellers falling/rising?

As of 27-Jun, Manoj Jewellers Ltd is experiencing a decline in its stock price, currently at Rs. 53.60, which reflects a decrease of -0.37 or -0.69%. The stock has been losing value for the last two days, resulting in a total drop of -2.55% during this period. Despite hitting a new 52-week high of Rs. 55.56 earlier today, the stock's performance has been impacted by a significant drop in delivery volume, which fell by -49.72% compared to the 5-day average. While the stock has shown strong returns over the past week and month, outperforming the Sensex, the recent consecutive falls and reduced investor participation suggest a negative sentiment surrounding the stock.
In the broader market context, Manoj Jewellers' short-term performance has been notably strong, with a 1-week return of +11.67%, significantly higher than the Sensex's +2.00% during the same period. However, the recent decline in stock price, despite its overall positive trajectory, indicates that investor confidence may be wavering. The liquidity of the stock remains adequate for trading, but the falling delivery volume could signal a potential shift in market interest. Overall, while the stock has performed well in the past, the current downward trend raises concerns about its immediate future.