Why is Manoj Vaibhav falling/rising?

As of 04-Nov, Manoj Vaibhav Gems N Jewellers Ltd's stock price is rising, currently at Rs 203.20, reflecting an increase of Rs 10.3 or 5.34%. The stock has shown strong performance recently, gaining 7.51% over the last two days and outperforming its sector by 2.75% today. It reached an intraday high of Rs 207.4. Despite a year-to-date decline of 27.67%, the stock has performed well in the short term, with a 6.61% increase over the past week. The company has a very attractive valuation with a return on capital employed (ROCE) of 14.4 and a PEG ratio of 0.4, indicating that while the stock has underperformed over the past year, its profits have increased by 24%. However, concerns about long-term growth persist, as evidenced by flat quarterly results and low domestic mutual fund interest.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 6.61% return over the past week compared to the benchmark's decline of 1.38%. This positive movement in the stock is supported by rising investor participation, as indicated by a significant increase in delivery volume. However, the stock's long-term performance remains a concern, as it has generated negative returns over the past year and has underperformed against broader indices. The overall market sentiment in the diamond and gold jewellery sector is positive, with a 2.57% gain, which may also be contributing to the stock's recent rise.