Why is Radhika Jeweltec falling/rising?

As of 21-Aug, Radhika Jeweltech Ltd is experiencing a price increase, currently at Rs 99.90, reflecting a rise of 4.55 (4.77%). The stock has shown strong performance today, outperforming its sector by 3.9% and achieving consecutive gains over the last four days, with an overall return of 8.59% in that period. It reached an intraday high of Rs 101.85, indicating positive momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Additionally, the company has a low debt-to-equity ratio of 0.10, and its recent financial results show a high return on capital employed (ROCE) of 24.03% and significant profit growth of 28.4% over the past year, contributing to investor confidence and the stock's upward movement.
In the broader market context, Radhika Jeweltech's short-term return of 8.59% over the past week significantly outpaces the Sensex's return of 1.74% during the same period. This strong performance relative to the benchmark indicates that the stock is gaining traction among investors. While the stock has underperformed year-to-date with a decline of 0.55% compared to the Sensex's gain of 4.94%, its consistent returns over the last three years and positive financial indicators suggest that it remains an attractive investment option, despite the recent underperformance.