Why is Manoj Vaibhav falling/rising?

As of 28-Jul, Manoj Vaibhav Gems N Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 213.10, reflecting a decrease of Rs 5.9 or 2.69%. The stock has underperformed its sector by 0.83% today and has been on a downward trend for the last two days, accumulating a total loss of 4.95%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, it has seen a return of -4.57%, and for the month, the decline is even steeper at -8.83%. Despite the negative price movement, the company reported positive results in March 2025, with significant increases in operating profit and net sales, which could indicate potential for recovery in the long term.
Broader market context shows that the Sensex has also faced a decline, albeit less severe, with a 1.59% drop over the past week and a 3.77% decline for the month. The stock's year-to-date performance is notably poor, down 24.15%, while the Sensex has gained 3.52% in the same period. This stark contrast highlights the stock's struggles against broader market trends. The recent rise in investor participation, with a significant increase in delivery volume, may suggest some underlying interest in the stock despite its current challenges. Overall, while the company has demonstrated strong operational metrics, the stock's recent performance reflects broader market pressures and sector-specific declines in the diamond and gold jewellery industry.