Why is Manoj Jewellers falling/rising?

As of 22-Aug, Manoj Jewellers Ltd's stock price is currently at Rs 53.30, reflecting a decline of Rs 0.44 or 0.82%. Despite this drop, the stock has shown positive performance over the past week, with a return of 6.60%, and a modest increase of 2.30% over the past month. The stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 185.71% compared to the 5-day average. However, the stock underperformed its sector by 0.86% today, which may have contributed to the current price decline.
In the broader market context, while Manoj Jewellers has outperformed the Sensex over the past week, which gained only 0.88%, it has not fared as well over the past month, where the Sensex declined by 1.07%. This suggests that while the stock has been resilient in the short term, it is facing challenges in maintaining momentum against broader market trends. The stock is also close to its 52-week high, just 4.24% away from Rs 55.56, which may indicate a resistance level that could be affecting its current price movement. Overall, the combination of strong short-term performance and recent underperformance against its sector may be influencing the stock's current decline.