Why is Radhika Jeweltec falling/rising?

As of 28-Jul, Radhika Jeweltech Ltd's stock price is currently at Rs 101.70, reflecting an increase of Rs 2.17 or 2.18%. The stock has shown strong performance recently, with a 7.84% increase over the past week and a notable 19.16% rise over the past month. Today's trading saw the stock reach an intraday high of Rs 103.49, although it also experienced a low of Rs 95.72. The stock is trading above all key moving averages, indicating a positive trend. Despite a recent decline in investor participation, with delivery volume falling by 33.51% against the 5-day average, the company maintains a healthy growth trajectory, with net sales increasing at an annual rate of 36.17%. Furthermore, the stock has outperformed its peers significantly over various time frames, generating a 45.64% return over the past year.
In the broader market context, Radhika Jeweltech's performance stands in stark contrast to the benchmark Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This outperformance highlights the stock's resilience amidst a generally unfavorable market environment for the diamond and gold jewelry sector, which has seen a decline of 2.08%. However, the lack of domestic mutual fund investment, which stands at 0%, may indicate some caution among institutional investors regarding the stock's valuation. Despite these concerns, the company's strong long-term growth and favorable financial metrics suggest that the recent price increase is supported by solid fundamentals.