Why is Manoj Jewellers falling/rising?

As of 10-Nov, Manoj Jewellers Ltd is experiencing a price increase, currently at Rs. 53.00, reflecting a rise of Rs. 3.4 or 6.85%. The stock has shown strong performance today, having reached a new 52-week and all-time high of Rs. 59.52, which represents a 20% gain from its opening price. Additionally, the stock has outperformed its sector by 6.19% and has demonstrated significant volatility, with an intraday fluctuation of 5.79%. Over the past week, the stock has increased by 12.77%, while the Sensex has decreased by 0.53%, indicating a robust performance relative to the broader market.
Broader Market Context: In the short term, Manoj Jewellers' performance has significantly outpaced the benchmark, as evidenced by its 1-week return compared to the Sensex. The stock's rising investor participation, with a notable increase in delivery volume by 135.29% against the 5-day average, suggests growing confidence among investors. Furthermore, the stock is trading above all key moving averages, which typically signals a bullish trend. However, there is no information available regarding positive or negative factors that could further influence the stock's movement.