Why is Radhika Jeweltec falling/rising?

As of 24-Jul, Radhika Jeweltech Ltd is experiencing a price increase, with its current price at Rs 104.91, reflecting a rise of Rs 1.67 or 1.62%. The stock has shown strong performance recently, gaining 11.24% over the last three days and outperforming its sector by 1.33% today. It has also touched an intraday high of Rs 108, indicating positive momentum. Over the past year, the stock has generated a return of 50.26%, significantly outpacing the BSE500 index, which has only returned 2.54% in the same period. The company’s healthy long-term growth, with net sales increasing at an annual rate of 36.17%, and a low debt-to-equity ratio further support its positive price movement.
Broader Market Context: In the short term, Radhika Jeweltech's performance has been notably strong, with a 6.56% increase over the past week, while the benchmark Sensex has remained nearly flat at -0.09%. This divergence highlights the stock's resilience and attractiveness to investors amidst a stagnant broader market. The rising investor participation, evidenced by an 83.91% increase in delivery volume, suggests growing confidence in the stock, contributing to its upward trajectory. Overall, the combination of consistent gains, strong financial metrics, and favorable market conditions has positioned Radhika Jeweltech for continued growth.