Why is Manoj Jewellers falling/rising?

As of 09-Jul, Manoj Jewellers Ltd is experiencing a slight increase in its stock price, currently at Rs 53.20, reflecting a change of 0.15 or 0.28% upward. The stock has shown a strong performance over the past month, with a return of 20.66%, significantly outperforming the Sensex, which has only increased by 1.32%. Despite this positive trend, the stock is currently 4.44% away from its 52-week high of Rs 55.56. However, there has been a notable decline in investor participation, with delivery volume dropping by 44.44% against the 5-day average, which may indicate a potential concern for future price stability.
In the broader market context, while Manoj Jewellers has outperformed the sector today by 0.43%, its recent 1-week performance shows a decline of 2.97%, contrasting with the Sensex's slight increase of 0.15%. This discrepancy suggests that while the stock has had a strong month, it has faced short-term challenges. The stock is currently trading above all its moving averages, indicating a generally positive trend, but the falling investor participation could pose risks to its upward momentum moving forward.