Why is Manoj Jewellers falling/rising?

As of 10-Sep, Manoj Jewellers Ltd is experiencing a price increase, with its current price at Rs. 52.99, reflecting a rise of 2.48 or 4.91%. The stock has shown strong performance today, outperforming its sector by 5.21% and achieving a new 52-week high of Rs. 58.38. It has gained consecutively over the last two days, with a total return of 5.98% during this period. However, there has been a notable decline in investor participation, as the delivery volume has fallen by 50% compared to the 5-day average, which may indicate some caution among investors despite the positive price movement.
Broader Market Context: In the short term, Manoj Jewellers has outperformed the benchmark Sensex, which increased by 1.06% over the past week, while the stock itself rose by 1.90%. This suggests that the stock is gaining traction relative to the broader market, particularly in the context of its recent volatility and trading patterns. Despite the erratic trading and high volatility observed today, the overall upward trend in the stock price indicates a positive sentiment among investors, even as liquidity remains adequate for trading.