Why is Manoj Jewellers falling/rising?

As of 07-Jul, Manoj Jewellers Ltd is experiencing a price increase, currently trading at Rs 54.00, which reflects a rise of Rs 1.01 or 1.91%. The stock has shown strong performance recently, with a 5.97% increase over the past week and a notable 23.12% rise over the last month. It is currently just 2.89% away from its 52-week high of Rs 55.56 and has outperformed its sector by 2.02% today. The stock has also been gaining for the last two days, accumulating a total return of 4.05% during this period. However, there is a concerning trend in falling investor participation, as the delivery volume has decreased by 41.86% compared to the 5-day average, which may indicate reduced interest from investors.
In the broader market context, while Manoj Jewellers has shown significant short-term gains, the benchmark Sensex has experienced a slight decline of 0.20% over the past week. This contrast highlights the stock's strong relative performance against the broader market. Additionally, Manoj Jewellers is trading above all its moving averages, which is typically a positive indicator. However, the drop in delivery volume could suggest potential volatility or a lack of sustained interest, which may affect future price movements. Overall, the stock's recent rise can be attributed to its strong performance metrics and relative outperformance against the sector, despite the warning signs of declining investor engagement.