Why is Manoj Jewellers falling/rising?

As of 08-Jul, Manoj Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 53.05, which reflects a decrease of Rs 0.95 or 1.76%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 4.02% and 20.95%, respectively. It is also trading above its moving averages across various time frames, indicating a generally positive trend prior to this decline. However, the stock has fallen after two consecutive days of gains, and the broader sector of Diamond & Gold Jewellery has seen a significant drop of 5.75%. Additionally, while the stock's delivery volume has increased by 125% compared to the 5-day average, the lack of available positive or negative dashboard data limits a comprehensive analysis of the factors influencing its recent movement.
In the broader market context, the stock's performance over the past week has significantly outpaced the Sensex, which has only increased by 0.02% during the same period. This suggests that while Manoj Jewellers has been performing well relative to the market, the recent decline may reflect sector-specific challenges rather than a broader market downturn. The stock's proximity to its 52-week high, being only 4.73% away, indicates that it has been performing well historically, but the current sector performance may be weighing on investor sentiment.