Why is Manoj Jewellers falling/rising?

As of 03-Nov, Manoj Jewellers Ltd is experiencing a price increase, currently at Rs 47.00, reflecting a rise of 2.0 (4.44%). The stock has shown strong performance today, outperforming its sector by 4.45% and opening with a gain of 2.22%. It reached an intraday high of Rs 47, indicating positive momentum. However, the stock's delivery volume has significantly decreased by 60% compared to the 5-day average, suggesting a decline in investor participation. Additionally, while the stock is currently above its 5-day moving average, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed signals regarding its longer-term trend. There are no positive or negative dashboard factors available to further clarify the stock's recent movement.
In the broader market context, Manoj Jewellers has outperformed the benchmark Sensex over the past week, with a return of +11.24% compared to the Sensex's -0.94%. However, over the past month, the stock has underperformed, showing a decline of 6.00% while the Sensex has gained 3.41%. This short-term outperformance against the benchmark may contribute to the current rise in stock price, despite the recent drop in delivery volume and mixed moving average indicators. Overall, while the stock is rising today, its longer-term performance remains uncertain relative to the broader market trends.