Why is Manoj Jewellers falling/rising?

As of 03-Jul, Manoj Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 51.90, which reflects a decrease of 2.93 (-5.34%). The stock has underperformed its sector by 4.65% today and opened with a loss of 3.32%. After two consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 51.90. Despite the recent downturn, the stock has shown a positive return of 17.85% over the past month, significantly outperforming the Sensex, which increased by only 3.10%. Additionally, there has been a notable rise in investor participation, with delivery volume on 02 July increasing by 100% compared to the 5-day average, indicating some underlying interest despite the current price drop. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, the stock's short-term performance over the past week shows a decline of 3.84%, contrasting with the Sensex, which has only decreased by 0.62%. This indicates that while the overall market is relatively stable, Manoj Jewellers is facing specific challenges that are impacting its price more significantly. The stock's performance today suggests a lack of momentum compared to the benchmark, highlighting potential concerns among investors regarding its immediate outlook.